Minimum alternate tax exclusions for pre-amendment banking companies and expatriate Indian branch salaries remain outside head office expenditure limi...
Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
HC ruled that assessment proceedings were time-barred due to excessive delay in passing remand order by ITAT. The AO failed to issue consequential order within prescribed limitation period. Court directed respondents to grant tax refund for AY 2005-06 with applicable interest under Sections 244A(1) and 244A(1A). The return is deemed accepted, and revenue must process the refund claim expeditiously, preferably within twelve weeks, following precedents in similar cases involving procedural limitations in tax assessment proceedings.
HC ruled that assessment proceedings were time-barred due to excessive delay in passing remand order by ITAT. The AO failed to issue consequential order within prescribed limitation period. Court directed respondents to grant tax refund for AY 2005-06 with applicable interest under Sections 244A(1) and 244A(1A). The return is deemed accepted, and revenue must process the refund claim expeditiously, preferably within twelve weeks, following precedents in similar cases involving procedural limitations in tax assessment proceedings.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
