Loading...

⚠ ✕
❮ Top
☎ Help
☰
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search ✕
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
❮ Default View
Expand ❯❯
Close ✕
🔎 Filters / Advanced Search ❯
TEXT

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In
Main Text + AI Text ❯
  • Main Text
  • Main Text + AI Text
  • AI Text
Law:
---- All Laws---- ❯
  • ---- All Laws----
  • Income Tax
  • Direct Taxes
  • Benami Property
  • Central GST Laws
  • SGST - State GST Laws
  • Customs
  • FTP - Foreign Trade Policy
  • SEZ - Special Economic Zone
  • FEMA - Foreign Exchange Management
  • Companies Law
  • SEBI - Securities & Exchange Board of India
  • IBC - Insolvency and Bankruptcy
  • Law of Competition
  • PMLA - Money-Laundering
  • Indian Laws
  • Bill / Finance Bills
  • Wealth Tax
  • Service Tax
  • Central Excise
  • VAT / Sales Tax
Month:
---- All Months ---- ❯
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ---- ❯
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
☰   Show Results ❯
    Extinguishment of specific-performance rights permits capital-gains deduction when payment clears title and enables property transfer.
    Excess baggage jewellery detention permits return application and consensual minor penalty for admitted Customs Baggage Rules infraction.
    Duty drawback survives RBI-backed rupee export remittances and completed exports despite alleged diversion to intermediary ports.
    Statutory notice period for seized goods requires release when notice is absent; provisional release cannot preserve detention.
    Customs adjudication evidence rules bar uncross-examined Section 108 statements and uncertified electronic records, defeating unsupported abetment pen...
    Customs broker abetment requires proof of knowledge, collusion or active assistance, not merely alleged IEC verification failure.
    Formulated astaxanthin preparations qualify as food preparations where nutritional function predominates and colour remains incidental to dietary use.
    Consent terms in oppression proceedings bind parties and can resolve appellate challenges without merits adjudication, quashing contested findings.
    One-time settlement during liquidation does not change statutory distribution, and guarantors gain no creditor priority without debt assignment.
    CoC-approved eligibility criteria must precede Form G, while expired CIRP without a resolution plan requires liquidation.
    FEMA borrowing restrictions bind charitable trusts, and civil penalties apply without proving intent for delayed repayment of non-resident rupee loans...
    Property-attachment appeal documents relevant to continuing attachment must be admitted, while costs survive for belated production.
    PMLA property retention permits prima facie proceeds-of-crime inquiry beyond accused ownership, absent prejudice from defective notice service.
    Excise manufacture test for modified vehicles requires fresh findings; intentional suppression alone permits extended limitation and penalties.
    Oral corporate agreements remain valid where no statutory writing requirement applies; disputed representative authority requires evidence, not thresh...
    Customs assessment repository centralises rulings, decisions and advisories to promote uniform classification, valuation and informed trade compliance...
    International LCL transshipment permission renewed subject to continuing compliance with customs procedures and cargo handling regulations.
    Mandatory compliance verification before out-of-charge requires prescribed import documents for cosmetics, drugs and medical devices on e-SANCHIT.
    ICD-bound container scanning shifts to mobile scanners, requiring terminal-level clearance checks and weekly compliance reporting.
    PGIRP Filing Deadline Extension Defers Penalties for Delayed or Modified Personal Guarantor Insolvency Resolution Process Forms
❮
❯
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

Highlights
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries

Highlights

Back

All Highlights

Showing Results for :
Reset Filters
No Records Found

Highlights

Back

All Highlights

The Appellate Tribunal held that the Assessing Officer (AO) did...

Tribunal Invalidates Tax Notices Due to Lack of Incriminating Evidence Against Third Party; Deletes Unabated Additions.

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Income Tax December 5, 2024 Case Laws AT
The Appellate Tribunal held that the Assessing Officer (AO) did not satisfy the condition precedent before issuing a notice u/s 153C of the Income Tax Act against the appellant, who was a third party not subjected to search. The satisfaction note prepared by the AO did not meet the legal requirements as the seized material did not pertain to or contain anything incriminating against the appellant. Consequently, the assumption of jurisdiction u/s 153C for the assessment years 2014-15 and 2016-17 was held to be bad in law, rendering the consequent assessment orders null and void. Regarding additions made in the unabated assessment years, the Tribunal relied on Supreme Court decisions to hold that in unabated assessments u/s 153C, additions are permissible only if based on incriminating material found during the search. Since no such material existed against the appellant, the additions made u/s 56(2)(vii)(b) were directed to be deleted for the assessment years 2014-15 and 2016-17.

Topics

Acts Income Tax