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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...
ITAT Order: Procedural Violation in Limited Scrutiny Assessment The ITAT held that the Assessing Officer (AO) exceeded jurisdictional limits by expanding the scope of 'limited scrutiny' without following mandatory procedural requirements. The AO improperly investigated issues beyond the specified limited scrutiny parameters, disallowed capital loss, and determined business loss without obtaining prior approval. Furthermore, the AO violated Section 144C by failing to issue a draft assessment order to the non-resident assessee before passing the final order. Consequently, the assessment order was deemed null and void due to jurisdictional defects and statutory non-compliance. The assessee's appeal was allowed, effectively invalidating the assessment proceedings.
ITAT Order: Procedural Violation in Limited Scrutiny Assessment The ITAT held that the Assessing Officer (AO) exceeded jurisdictional limits by expanding the scope of 'limited scrutiny' without following mandatory procedural requirements. The AO improperly investigated issues beyond the specified limited scrutiny parameters, disallowed capital loss, and determined business loss without obtaining prior approval. Furthermore, the AO violated Section 144C by failing to issue a draft assessment order to the non-resident assessee before passing the final order. Consequently, the assessment order was deemed null and void due to jurisdictional defects and statutory non-compliance. The assessee's appeal was allowed, effectively invalidating the assessment proceedings.
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