Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
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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