Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
ITAT adjudicated a tax assessment dispute regarding time-barred order limitations. The tribunal determined that the Assessment Officer's (AO) final assessment order passed on 24.08.2022 was beyond statutory limitation under section 144C(13), referencing Madras HC precedent which emphasized that limitation periods cannot be manipulated through internal procedural variations. The tribunal held that since DRP directions were received on 30.06.2022 at 9:53 p.m., the subsequent assessment order exceeded permissible timelines. Consequently, the tribunal allowed the assessee's appeal, declaring the additions in the assessment order void ab initio and directing their deletion.
ITAT adjudicated a tax assessment dispute regarding time-barred order limitations. The tribunal determined that the Assessment Officer's (AO) final assessment order passed on 24.08.2022 was beyond statutory limitation under section 144C(13), referencing Madras HC precedent which emphasized that limitation periods cannot be manipulated through internal procedural variations. The tribunal held that since DRP directions were received on 30.06.2022 at 9:53 p.m., the subsequent assessment order exceeded permissible timelines. Consequently, the tribunal allowed the assessee's appeal, declaring the additions in the assessment order void ab initio and directing their deletion.
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