MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
Preventive suspension requires an immediate continuing threat and cannot become indefinite without inquiry, fresh evidence, or proportionate safeguard...
Reopening of assessment u/s 147 was invalid due to procedural irregularities. The Assessing Officer initiated proceedings without verifying information and the Commissioner of Income Tax granted approval without applying mind. Approval by Commissioner was without recording independent satisfaction, rendering reopening unsustainable. Consequently, notice u/s 148 and subsequent proceedings were quashed. The Commissioner of Income Tax (Appeals) erroneously passed order regarding Vivad Se Vishwas Scheme despite assessee not applying for immunity, hence order quashed. The Assessing Officer made addition without invoking any provision of law or specifying head of income, violating principles of natural justice by denying assessee opportunity to defend. Supreme Court rulings mandate providing reasonable notice of charges and provisions violated. Absence of such notice vitiated proceedings. Therefore, addition made by authorities was deleted and appeal allowed.
Reopening of assessment u/s 147 was invalid due to procedural irregularities. The Assessing Officer initiated proceedings without verifying information and the Commissioner of Income Tax granted approval without applying mind. Approval by Commissioner was without recording independent satisfaction, rendering reopening unsustainable. Consequently, notice u/s 148 and subsequent proceedings were quashed. The Commissioner of Income Tax (Appeals) erroneously passed order regarding Vivad Se Vishwas Scheme despite assessee not applying for immunity, hence order quashed. The Assessing Officer made addition without invoking any provision of law or specifying head of income, violating principles of natural justice by denying assessee opportunity to defend. Supreme Court rulings mandate providing reasonable notice of charges and provisions violated. Absence of such notice vitiated proceedings. Therefore, addition made by authorities was deleted and appeal allowed.
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