Transfer-pricing aggregation of distinct support-service and subcontract transactions was rejected, while debt-free receivables attracted no notional ...
Customs exemptions cover photovoltaic assembly machinery and PVF backsheets, while fully declared cleared imports may avoid confiscation and penalties...
Specific tariff classification for LCD devices overrides treatment as electricity-meter parts, defeating differential duty, extended limitation, and p...
Stayed disciplinary punishment does not establish unfitness for insolvency professional registration; reconsideration must disregard mere pendency of ...
Indirect corporate control can create related-party status, excluding financial creditors from Committee of Creditors representation, participation an...
Scientific research association approval requires continuing SIRO status, annual donation reporting, and donor certificates for the approved foundatio...
Scientific research institution approval is conditional on SIRO recognition, annual donation reporting, donor certification, and prescribed compliance...
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The High Court dismissed the writ petition challenging the assessment order made u/s 143(3) read with Section 260 for the assessment year 2021-22. The petitioner argued that the assessment should have been done in a faceless manner as per the scheme notified on 29th March 2022. However, the court held that the notification invoking Section 151A was for faceless assessment of income escaping assessment u/s 147, and not for regular assessments u/s 143(3). The court observed that Section 144B provides a complete code for faceless assessment, which was not applicable in this case. The Assessing Officer found the purchases from suppliers doubtful, raising questions of fact. The court was disinclined to interfere on such factual issues and dismissed the petition.
The High Court dismissed the writ petition challenging the assessment order made u/s 143(3) read with Section 260 for the assessment year 2021-22. The petitioner argued that the assessment should have been done in a faceless manner as per the scheme notified on 29th March 2022. However, the court held that the notification invoking Section 151A was for faceless assessment of income escaping assessment u/s 147, and not for regular assessments u/s 143(3). The court observed that Section 144B provides a complete code for faceless assessment, which was not applicable in this case. The Assessing Officer found the purchases from suppliers doubtful, raising questions of fact. The court was disinclined to interfere on such factual issues and dismissed the petition.
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