Transfer-pricing aggregation of distinct support-service and subcontract transactions was rejected, while debt-free receivables attracted no notional ...
Customs exemptions cover photovoltaic assembly machinery and PVF backsheets, while fully declared cleared imports may avoid confiscation and penalties...
Specific tariff classification for LCD devices overrides treatment as electricity-meter parts, defeating differential duty, extended limitation, and p...
Stayed disciplinary punishment does not establish unfitness for insolvency professional registration; reconsideration must disregard mere pendency of ...
Indirect corporate control can create related-party status, excluding financial creditors from Committee of Creditors representation, participation an...
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The Income Tax Appellate Tribunal held that an appeal cannot be dismissed solely on the ground of non-filing of return or non-payment of advance tax when the entire addition made by the Assessing Officer is under dispute. The Tribunal directed the Commissioner of Income Tax (Appeals) to admit the assessee's appeal and adjudicate it on merits after providing an opportunity to both parties. The Tribunal observed that when the entire addition is disputed, there is no admitted income and consequently no advance tax liability arises on such disputed income. Furthermore, the proviso to Section 249(4)(b) empowers the Commissioner (Appeals) to exempt the assessee from the operation of the clause for good and sufficient reasons recorded in writing.
The Income Tax Appellate Tribunal held that an appeal cannot be dismissed solely on the ground of non-filing of return or non-payment of advance tax when the entire addition made by the Assessing Officer is under dispute. The Tribunal directed the Commissioner of Income Tax (Appeals) to admit the assessee's appeal and adjudicate it on merits after providing an opportunity to both parties. The Tribunal observed that when the entire addition is disputed, there is no admitted income and consequently no advance tax liability arises on such disputed income. Furthermore, the proviso to Section 249(4)(b) empowers the Commissioner (Appeals) to exempt the assessee from the operation of the clause for good and sufficient reasons recorded in writing.
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