Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
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 the reopening of assessment u/s 147 with reference to section 144B, following a proceeding u/s 148A. The petitioner did not respond to the notice u/s 148A (b) and did not request documents as per section 144B. The Court noted that the assessment order was preceded by the section 148A proceeding, including notices u/s 148A (b) and (d). The disclosures in the assessment order were already provided in the section 148A notices. The Court held that the petitioner has an alternative remedy through appeal to address these issues. The petitioner can raise all points before the appellate authority, including requesting document disclosure, upon filing an appeal. The appellate authority can consider these requests after registering the appeal with condonation of any delay, as per the law.
The High Court considered the reopening of assessment u/s 147 with reference to section 144B, following a proceeding u/s 148A. The petitioner did not respond to the notice u/s 148A (b) and did not request documents as per section 144B. The Court noted that the assessment order was preceded by the section 148A proceeding, including notices u/s 148A (b) and (d). The disclosures in the assessment order were already provided in the section 148A notices. The Court held that the petitioner has an alternative remedy through appeal to address these issues. The petitioner can raise all points before the appellate authority, including requesting document disclosure, upon filing an appeal. The appellate authority can consider these requests after registering the appeal with condonation of any delay, as per the law.
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