Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Cash deposits in savings bank account treated as long-term capital gains from sale of agricultural land. Assessee claimed income from export-quality rose cultivation with brother, relying on report from agricultural college professor. However, report alone insufficient proof of agricultural income. Assessment order passed ex-parte without assessee's participation. CIT(A) order based on AO's remand report. Matter remanded to AO for fresh assessment after proper opportunity to assessee to substantiate agricultural income claim with supporting evidence. Appeal allowed for statistical purposes.
Cash deposits in savings bank account treated as long-term capital gains from sale of agricultural land. Assessee claimed income from export-quality rose cultivation with brother, relying on report from agricultural college professor. However, report alone insufficient proof of agricultural income. Assessment order passed ex-parte without assessee's participation. CIT(A) order based on AO's remand report. Matter remanded to AO for fresh assessment after proper opportunity to assessee to substantiate agricultural income claim with supporting evidence. Appeal allowed for statistical purposes.
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