Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
HC dismissed the writ appeal challenging reassessment proceedings under Section 147. The AO reopened the assessment based on a District Valuation Officer's report revealing discrepancies in construction expenditure and undisclosed income. The court found the reassessment valid, noting the Assessing Officer recorded legitimate reasons for believing income had escaped assessment. The appellant was afforded opportunity to raise defenses through appellate proceedings. Considering the fresh order passed by the Assessing Authority and alternative remedy under Section 246A, the intra-court appeal was rejected without interference, effectively decided against the assessee.
HC dismissed the writ appeal challenging reassessment proceedings under Section 147. The AO reopened the assessment based on a District Valuation Officer's report revealing discrepancies in construction expenditure and undisclosed income. The court found the reassessment valid, noting the Assessing Officer recorded legitimate reasons for believing income had escaped assessment. The appellant was afforded opportunity to raise defenses through appellate proceedings. Considering the fresh order passed by the Assessing Authority and alternative remedy under Section 246A, the intra-court appeal was rejected without interference, effectively decided against the assessee.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
