Natural justice in insolvency-professional discipline requires disclosed material; notices based on extraneous material and ignored defences are vitia...
Development rights transfers treated as immovable property, while construction abatement applies and repeated non-payment permits extended service-tax...
Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
Cancellation of registration u/s 12A was done retrospectively from 1.4.2014, despite show cause notice being issued on 6.10.2022 by CIT(E). CIT(E) failed to provide reasons for rejecting assessee's explanations. Order shows reasons for show cause notice were same as those considered by AO for assessment years 2013-14 and 2014-15. Provisions of sections 12AA/12AB do not permit retrospective cancellation of registration u/s 12A. Registration could earlier be cancelled u/s 12AB(5), but provisions of sections 12AA and 12AB came into effect from 1.4.2015. Statute does not provide power to cancel registration retrospectively. Assessee's appeal allowed.
Cancellation of registration u/s 12A was done retrospectively from 1.4.2014, despite show cause notice being issued on 6.10.2022 by CIT(E). CIT(E) failed to provide reasons for rejecting assessee's explanations. Order shows reasons for show cause notice were same as those considered by AO for assessment years 2013-14 and 2014-15. Provisions of sections 12AA/12AB do not permit retrospective cancellation of registration u/s 12A. Registration could earlier be cancelled u/s 12AB(5), but provisions of sections 12AA and 12AB came into effect from 1.4.2015. Statute does not provide power to cancel registration retrospectively. Assessee's appeal allowed.
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