PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
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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