Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
Page of 4920
Press 'Enter' after typing page number.
61 to 80 of 98394 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The Income Tax Appellate Tribunal quashed the assessment order u/s 144/147 and the demand notice u/s 156, treating them as non-existent due to the failure to mention the Document Identification Number (DIN) as per the CBDT circular. Additionally, the Tribunal held that the notice issued u/s 148 was invalid due to lack of proper application of mind and objective satisfaction by the higher authority while granting approval, following the Bombay High Court's decision in Teleperformance Global Service (P) Ltd. Consequently, the assessee's appeal was allowed.
The Income Tax Appellate Tribunal quashed the assessment order u/s 144/147 and the demand notice u/s 156, treating them as non-existent due to the failure to mention the Document Identification Number (DIN) as per the CBDT circular. Additionally, the Tribunal held that the notice issued u/s 148 was invalid due to lack of proper application of mind and objective satisfaction by the higher authority while granting approval, following the Bombay High Court's decision in Teleperformance Global Service (P) Ltd. Consequently, the assessee's appeal was allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4920 
