Form 26AS evidence requires successor-entity accounting verification after business transfer, while invoice-supported related-party advertising expend...
Money-laundering judgment timing requires awaiting the scheduled-offence decision despite continuation of the underlying trial where outcomes directly...
Accredited investor eligibility expands through securities-market exposure, while alternative investment fund disputes require prescribed resolution a...
Page of 4916
Press 'Enter' after typing page number.
41 to 60 of 98302 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
HC quashed reassessment proceedings initiated under s.147 regarding alleged undervaluation of shares of TREPL. AO's attempt to reopen assessment was based on the value of immovable property (Friends Colony) held by TREPL, an issue previously examined in earlier reassessment proceedings. Petitioner had already demonstrated through audited financial statements that TREPL owned only two floors of the property, which AO had accepted. The court found that reopening the same issue violated procedural requirements under s.148A(d), as AO failed to consider petitioner's response to s.148A(b) notice and the existing record. Since the information was previously scrutinized and no credible contradictory evidence existed, reassessment was held invalid.
HC quashed reassessment proceedings initiated under s.147 regarding alleged undervaluation of shares of TREPL. AO's attempt to reopen assessment was based on the value of immovable property (Friends Colony) held by TREPL, an issue previously examined in earlier reassessment proceedings. Petitioner had already demonstrated through audited financial statements that TREPL owned only two floors of the property, which AO had accepted. The court found that reopening the same issue violated procedural requirements under s.148A(d), as AO failed to consider petitioner's response to s.148A(b) notice and the existing record. Since the information was previously scrutinized and no credible contradictory evidence existed, reassessment was held invalid.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
