Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
CIT allowed to invoke Section 263 to revise assessment order due to AO's failure to verify assessee's explanation regarding investment in mutual funds/shares despite audit objections raised after assessment, as per SC ruling in CIT vs. P.V.S. Beedies Pvt. Ltd. allowing reopening based on audit party's factual objections; HC overruled ITAT's reliance on B&A Plantation case regarding scope of Section 263 inquiry.
CIT allowed to invoke Section 263 to revise assessment order due to AO's failure to verify assessee's explanation regarding investment in mutual funds/shares despite audit objections raised after assessment, as per SC ruling in CIT vs. P.V.S. Beedies Pvt. Ltd. allowing reopening based on audit party's factual objections; HC overruled ITAT's reliance on B&A Plantation case regarding scope of Section 263 inquiry.
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