Jurisdictional sanction requirements bar reassessment when approval comes from an authority lacking statutory competence under the applicable framewor...
Recorded sales receipts cannot be reassessed as unexplained cash credits, eliminating the basis for consequential alleged commission expenditure addit...
Sufficient cause for delayed income-tax appeals requires bona fide diligence; unsubstantiated counsel illness and assessee inaction defeat condonation...
TNMM Segmentation Limits Transfer-Pricing Adjustments to Associated-Enterprise Transactions and Requires Turnover-Based Comparable Selection for IT Se...
HC upheld assessment order issued under Section 143(3) read with 144B, finding no violation of natural justice principles. The assessee had received show cause notice and participated in video conferencing hearing, where they explained loan transactions in detail. The Court determined video conferencing was substantive, not merely procedural. Notably, assessee failed to produce relevant documentation supporting their position despite having opportunity. Court emphasized that burden lies with notice recipient to furnish supporting evidence, and assessing officer cannot be expected to specifically request unknown documents. Finding due process requirements satisfied and no procedural violations established, petition dismissed.
HC upheld assessment order issued under Section 143(3) read with 144B, finding no violation of natural justice principles. The assessee had received show cause notice and participated in video conferencing hearing, where they explained loan transactions in detail. The Court determined video conferencing was substantive, not merely procedural. Notably, assessee failed to produce relevant documentation supporting their position despite having opportunity. Court emphasized that burden lies with notice recipient to furnish supporting evidence, and assessing officer cannot be expected to specifically request unknown documents. Finding due process requirements satisfied and no procedural violations established, petition dismissed.
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