Social forestry expenditure requires activity-based classification, limiting book-profit adjustments and preserving penalty relief where normal additi...
Inaccurate-particulars penalties fail where transfer-pricing documentation shows good faith and due diligence, and underlying capital-gains additions ...
Transfer-pricing tolerance for software sub-licensing falls within the services range, eliminating the adjustment and requiring TDS-credit verificatio...
The High Court quashed the show cause notices and orders issued by the revenue authorities due to inordinate delay ranging from 9 to 20 years in adjudicating the notices, without any justifiable reason. The Court relied on its previous decisions and the Bombay High Court's judgment in Coventry Estates Pvt. Ltd. case, holding that such substantial delay nullifies the noticee's rights and causes irreparable prejudice. Consequently, the show cause notices and orders were quashed and set aside on the ground of non-justification for the delay in adjudication.
The High Court quashed the show cause notices and orders issued by the revenue authorities due to inordinate delay ranging from 9 to 20 years in adjudicating the notices, without any justifiable reason. The Court relied on its previous decisions and the Bombay High Court's judgment in Coventry Estates Pvt. Ltd. case, holding that such substantial delay nullifies the noticee's rights and causes irreparable prejudice. Consequently, the show cause notices and orders were quashed and set aside on the ground of non-justification for the delay in adjudication.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4897 
