Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The HC quashed the show cause notice issued u/s 148A(b) and the consequent order u/s 148A(d) of the Income Tax Act. The HC held that the assessing officer and the PCIT exhibited gross non-application of mind in reopening the assessment merely based on information from CGST authorities about the assessee receiving payments from an entity allegedly involved in bogus invoicing, without verifying the assessee's credentials, returns, and supporting documents. The HC criticized the mechanical approach adopted by the tax authorities in intermixing CGST and Income Tax jurisdictions, stating that information under one regime cannot automatically apply to the other without tangible material indicating relevance to the assessee's income. The PCIT's remarks granting approval u/s 151 crossed limits of legitimacy, amounting to an abuse of authority.
The HC quashed the show cause notice issued u/s 148A(b) and the consequent order u/s 148A(d) of the Income Tax Act. The HC held that the assessing officer and the PCIT exhibited gross non-application of mind in reopening the assessment merely based on information from CGST authorities about the assessee receiving payments from an entity allegedly involved in bogus invoicing, without verifying the assessee's credentials, returns, and supporting documents. The HC criticized the mechanical approach adopted by the tax authorities in intermixing CGST and Income Tax jurisdictions, stating that information under one regime cannot automatically apply to the other without tangible material indicating relevance to the assessee's income. The PCIT's remarks granting approval u/s 151 crossed limits of legitimacy, amounting to an abuse of authority.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
