Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
ITAT dismissed revenue's appeal, affirming lower appellate authority's finding that JCIT (Exemptions), Ghaziabad improperly assumed jurisdictional authority. The tribunal noted no evidence of valid order under Section 127 transferring case jurisdiction from DCIT (Exemptions). Consequently, notices issued under Sections 142(1) and 143(2) were deemed invalid. The tribunal upheld the CIT(A)'s decision, finding no procedural irregularities warranting interference, thereby effectively cancelling the jurisdictionally defective assessment proceedings.
ITAT dismissed revenue's appeal, affirming lower appellate authority's finding that JCIT (Exemptions), Ghaziabad improperly assumed jurisdictional authority. The tribunal noted no evidence of valid order under Section 127 transferring case jurisdiction from DCIT (Exemptions). Consequently, notices issued under Sections 142(1) and 143(2) were deemed invalid. The tribunal upheld the CIT(A)'s decision, finding no procedural irregularities warranting interference, thereby effectively cancelling the jurisdictionally defective assessment proceedings.
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