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 held that the impugned assessment order revealed a categorical factual finding supporting the petitioner's position that no entry tax was realized from customers during sales. Pursuant to the 18.10.2006 circular, the HC modified the Additional Commissioner's order, restraining recovery of entry tax for the specified period from 01.04.2005 to 29.05.2005. The assessment order was consequently amended to preclude entry tax collection, effectively granting relief to the petitioner and disposing of the petition with a favorable outcome.
HC held that the impugned assessment order revealed a categorical factual finding supporting the petitioner's position that no entry tax was realized from customers during sales. Pursuant to the 18.10.2006 circular, the HC modified the Additional Commissioner's order, restraining recovery of entry tax for the specified period from 01.04.2005 to 29.05.2005. The assessment order was consequently amended to preclude entry tax collection, effectively granting relief to the petitioner and disposing of the petition with a favorable outcome.
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TaxTMI 
TaxTMI 
