Commercial property status protects capital-gains exemption when residential-house ownership limits are tested, while agricultural-land character gove...
Investigation deposits refunded after failed customs demands fall outside the statutory appellate pre-deposit interest regime and may attract compensa...
Resolution plan finality extinguishes unquantified operational-creditor claims and pending proceedings unless the approved plan expressly preserves th...
Stakeholder-list modification permits liquidators to update entries on new information, subject to notifying the Adjudicating Authority within prescri...
HC held that the assessment reopening under SS147 was procedurally flawed. The AO failed to substantiate allegations of income escape by thoroughly examining disputed shipping bill evidence. The Assessee's contention of manual bill correction and non-involvement in alleged exports was not adequately addressed. Consequently, the SS148A(d) order was set aside, effectively nullifying the assessment reopening and upholding the Assessee's appeal without prejudice to potential future reassessment if concrete evidence emerges.
HC held that the assessment reopening under SS147 was procedurally flawed. The AO failed to substantiate allegations of income escape by thoroughly examining disputed shipping bill evidence. The Assessee's contention of manual bill correction and non-involvement in alleged exports was not adequately addressed. Consequently, the SS148A(d) order was set aside, effectively nullifying the assessment reopening and upholding the Assessee's appeal without prejudice to potential future reassessment if concrete evidence emerges.
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