Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
Issue of faceless assessment of income escaping assessment, where the notice u/s 148 of the Income Tax Act was issued by the Jurisdictional Assessing Officer (JAO) instead of the Faceless Assessing Officer (FAO), as required by Section 151A. The High Court held that for a valid reassessment notice u/s 148, the Revenue must comply with Section 151A, as interpreted in the cases of Hexaware Technologies Limited and Nainraj Enterprises Pvt. Ltd. The Court ruled that the JAO is not permitted to issue a notice u/s 148, as it would breach Section 151A. There is no concurrent jurisdiction between the JAO and FAO for issuing notices u/s 148 or passing assessment/reassessment orders. Accepting the Revenue's argument would lead to chaos and render faceless proceedings redundant. The decision was in favor of the assessee.
Issue of faceless assessment of income escaping assessment, where the notice u/s 148 of the Income Tax Act was issued by the Jurisdictional Assessing Officer (JAO) instead of the Faceless Assessing Officer (FAO), as required by Section 151A. The High Court held that for a valid reassessment notice u/s 148, the Revenue must comply with Section 151A, as interpreted in the cases of Hexaware Technologies Limited and Nainraj Enterprises Pvt. Ltd. The Court ruled that the JAO is not permitted to issue a notice u/s 148, as it would breach Section 151A. There is no concurrent jurisdiction between the JAO and FAO for issuing notices u/s 148 or passing assessment/reassessment orders. Accepting the Revenue's argument would lead to chaos and render faceless proceedings redundant. The decision was in favor of the assessee.
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