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...
HC quashed impugned notices, assessment orders, and demand notices against a dissolved company. The court remanded the case back to the respondent, directing suspension of proceedings pending NCLT's final order on company restoration. The Assessing Officer had initiated proceedings under Section 147, but the court held that resolution of the company's legal status by NCLT takes precedence. The decision effectively stayed tax-related actions until the company's potential reinstatement is determined by the NCLT.
HC quashed impugned notices, assessment orders, and demand notices against a dissolved company. The court remanded the case back to the respondent, directing suspension of proceedings pending NCLT's final order on company restoration. The Assessing Officer had initiated proceedings under Section 147, but the court held that resolution of the company's legal status by NCLT takes precedence. The decision effectively stayed tax-related actions until the company's potential reinstatement is determined by the NCLT.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
