Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
ITAT remanded the case to the Addl./Joint CIT(A) to determine the validity of an adjustment under section 143(1)(a) without a prior show cause notice. The tribunal found potential procedural irregularities in the tax assessment, specifically questioning whether a mandatory notice was issued before making the adjustment. The appellate authority was directed to ascertain the factual circumstances, particularly examining whether the absence of a show cause notice renders the tax adjustment invalid. The assessee's appeal was allowed for statistical purposes, with instructions to comprehensively review the procedural compliance and potential exemption allowability based on the audit report filing.
ITAT remanded the case to the Addl./Joint CIT(A) to determine the validity of an adjustment under section 143(1)(a) without a prior show cause notice. The tribunal found potential procedural irregularities in the tax assessment, specifically questioning whether a mandatory notice was issued before making the adjustment. The appellate authority was directed to ascertain the factual circumstances, particularly examining whether the absence of a show cause notice renders the tax adjustment invalid. The assessee's appeal was allowed for statistical purposes, with instructions to comprehensively review the procedural compliance and potential exemption allowability based on the audit report filing.
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