Revisionary jurisdiction cannot reopen share capital assessments where adequate inquiry supports a permissible view and no independent error is establ...
Reassessment jurisdiction fails where unverified portal information is aggregated without examining the taxpayer's explanation or relevance of entries...
Statutory sanction for delayed reassessment requires approval from the prescribed authority; approval by an inferior authority invalidates jurisdictio...
Transfer pricing margin adjustments require matching treatment of non-operating income and related costs, with comparability issues reconsidered on ev...
Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
The Tribunal upheld the validity of the approval granted u/s 153D of the Income Tax Act. It concurred with the CIT(A) that the normal practice of providing draft orders, assessment records, and relevant documents to the approving authority was followed. The assessee failed to demonstrate that these records were not provided to the approving authority. Consequently, the Tribunal found no infirmity in the CIT(A)'s findings regarding the jurisdictional issue of approval u/s 153D. Due to the absence of material on record, the Tribunal dismissed the assessee's appeal for the assessment year 2012-13 without adjudicating the merits of the case.
The Tribunal upheld the validity of the approval granted u/s 153D of the Income Tax Act. It concurred with the CIT(A) that the normal practice of providing draft orders, assessment records, and relevant documents to the approving authority was followed. The assessee failed to demonstrate that these records were not provided to the approving authority. Consequently, the Tribunal found no infirmity in the CIT(A)'s findings regarding the jurisdictional issue of approval u/s 153D. Due to the absence of material on record, the Tribunal dismissed the assessee's appeal for the assessment year 2012-13 without adjudicating the merits of the case.
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