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...
The HC rejected the revision petition under section 264, noting the petitioner failed to file a reply or submit documentary evidence before the AO. The petitioner's non-participation was attributed to a change in management and notices being served under the old PAN, causing lack of awareness. The Court held that non-participation alone does not bar prosecution under section 264. Given the petitioner's society converted from a Trust to a Society, resulting in management difficulties, the HC exercised discretion in the interest of justice. The impugned order under section 264 and the best judgment assessment order under section 147 were set aside. The matter was remanded to the AO for fresh consideration, thereby granting the petitioner an opportunity to present the case afresh.
The HC rejected the revision petition under section 264, noting the petitioner failed to file a reply or submit documentary evidence before the AO. The petitioner's non-participation was attributed to a change in management and notices being served under the old PAN, causing lack of awareness. The Court held that non-participation alone does not bar prosecution under section 264. Given the petitioner's society converted from a Trust to a Society, resulting in management difficulties, the HC exercised discretion in the interest of justice. The impugned order under section 264 and the best judgment assessment order under section 147 were set aside. The matter was remanded to the AO for fresh consideration, thereby granting the petitioner an opportunity to present the case afresh.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
