Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
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...
HC dismissed writ petitions challenging revision proceedings u/s 263 as not entertainable, following precedent in Piyara Lal case. PCIT validly initiated revision after finding AO completed assessment u/s 143(3) without proper verification of asset valuation discrepancies, purchase value differences, and post-demonetization cash deposits requiring examination per SOP guidelines. Court declined merits examination, directing petitioners to pursue statutory remedies by filing objections within four weeks, with subsequent appeal rights to Tribunal if adverse orders passed. Respondents must consider objections on merits and decide notices in accordance with law.
HC dismissed writ petitions challenging revision proceedings u/s 263 as not entertainable, following precedent in Piyara Lal case. PCIT validly initiated revision after finding AO completed assessment u/s 143(3) without proper verification of asset valuation discrepancies, purchase value differences, and post-demonetization cash deposits requiring examination per SOP guidelines. Court declined merits examination, directing petitioners to pursue statutory remedies by filing objections within four weeks, with subsequent appeal rights to Tribunal if adverse orders passed. Respondents must consider objections on merits and decide notices in accordance with law.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
