Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Absence of incriminating material during search precludes additions in completed assessments, as per Supreme Court's ruling in Principal Commissioner of Income-tax, Central-3 Vs. Abhisar Buildwell (P.) Ltd. However, completed/unabated assessments can be reopened by the Assessing Officer u/s 147/148, subject to fulfilling prescribed conditions. The High Court clarified that while no additions can be made without incriminating evidence from search/requisition, reopening of assessments is permissible if statutory requirements u/s 147/148 are met. Contentions regarding reopening were expressly kept open.
Absence of incriminating material during search precludes additions in completed assessments, as per Supreme Court's ruling in Principal Commissioner of Income-tax, Central-3 Vs. Abhisar Buildwell (P.) Ltd. However, completed/unabated assessments can be reopened by the Assessing Officer u/s 147/148, subject to fulfilling prescribed conditions. The High Court clarified that while no additions can be made without incriminating evidence from search/requisition, reopening of assessments is permissible if statutory requirements u/s 147/148 are met. Contentions regarding reopening were expressly kept open.
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