Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
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The HC dismissed the Government's appeal arising under assessment u/s 143(3) due to non-compliance with threshold limits prescribed by CBDT Circular Nos. 5/2024 and 9/2024, aimed at curbing unnecessary litigation. The Court held that the exception in para 3.1(l) of Circular 5/2024, which excludes appeals stemming from orders under Section 201/201(1A), does not apply to appeals arising from assessments u/s 143(3). Since the tax effect in the present case was below Rs. 2 Crores, the appeal was barred from admission. The Division Bench's prior ruling binds the bench, confirming that appeals with tax implications under the specified monetary threshold are not maintainable before the ITAT or HC, thereby upholding the circulars' intent to limit frivolous Government appeals.
The HC dismissed the Government's appeal arising under assessment u/s 143(3) due to non-compliance with threshold limits prescribed by CBDT Circular Nos. 5/2024 and 9/2024, aimed at curbing unnecessary litigation. The Court held that the exception in para 3.1(l) of Circular 5/2024, which excludes appeals stemming from orders under Section 201/201(1A), does not apply to appeals arising from assessments u/s 143(3). Since the tax effect in the present case was below Rs. 2 Crores, the appeal was barred from admission. The Division Bench's prior ruling binds the bench, confirming that appeals with tax implications under the specified monetary threshold are not maintainable before the ITAT or HC, thereby upholding the circulars' intent to limit frivolous Government appeals.
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