Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Page of 4796
Press 'Enter' after typing page number.
621 to 640 of 95918 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4796
Join Channel
TaxTMI 
