Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
The High Court considered a revision u/s 264 where the Principal Commissioner of Income Tax (Pr. CIT) dismissed the application without proper procedural fairness. The petitioner claimed no prior notice or opportunity to respond was given. The Court found the order lacked fairness as the petitioner's representation was not considered, and no reason was given for denying an adjournment. The order did not explain the basis for upholding the Assessing Officer's decision. The Court emphasized the importance of adhering to natural justice principles. The impugned order was set aside, and a rehearing was directed with the petitioner required to appear before the Pr. CIT on a specified date.
The High Court considered a revision u/s 264 where the Principal Commissioner of Income Tax (Pr. CIT) dismissed the application without proper procedural fairness. The petitioner claimed no prior notice or opportunity to respond was given. The Court found the order lacked fairness as the petitioner's representation was not considered, and no reason was given for denying an adjournment. The order did not explain the basis for upholding the Assessing Officer's decision. The Court emphasized the importance of adhering to natural justice principles. The impugned order was set aside, and a rehearing was directed with the petitioner required to appear before the Pr. CIT on a specified date.
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