Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
HC invalidated reopening of tax assessment, finding procedural violations in notices issued under Sections 148-A and 148. Following precedents from multiple jurisdictions, the court held that assessment notices were improperly served outside the faceless assessment framework mandated by Finance Act, 2021. The jurisdictional Assessing Officer's actions were deemed non-compliant with statutory requirements. Consequently, the writ petition was allowed in favor of the assessee, effectively quashing the tax reassessment proceedings on jurisdictional grounds.
HC invalidated reopening of tax assessment, finding procedural violations in notices issued under Sections 148-A and 148. Following precedents from multiple jurisdictions, the court held that assessment notices were improperly served outside the faceless assessment framework mandated by Finance Act, 2021. The jurisdictional Assessing Officer's actions were deemed non-compliant with statutory requirements. Consequently, the writ petition was allowed in favor of the assessee, effectively quashing the tax reassessment proceedings on jurisdictional grounds.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
