Anti-profiteering obligations survive business demerger, complaint withdrawal, and customized supply arrangements where rate-reduction benefits are no...
Road restoration charges constitute taxable services when requested for commercial pipeline activity, requiring reverse-charge GST from the business r...
Interest on delayed release of requisitioned cash includes statutory pre-assessment interest and restitutionary compensation for unlawful post-assessm...
Incomplete inventory records justify rejecting accounts, while profit estimation requires relevant comparable material and interest falls under other ...
Transfer-pricing comparability requires functional alignment; delayed associated-enterprise receivables need separate LIBOR-based benchmarking, while ...
The ITAT held that the transfer of the assessment case between Assessing Officers (AOs) under section 127 was not valid as no formal order under section 127 was passed, nor was the assessee given an opportunity to be heard or reasons recorded. The AO who completed the assessment assumed jurisdiction without proper authority, as the procedural requirements for transfer of jurisdiction were not complied with. Consequently, the order passed by the AO lacking jurisdiction was quashed. The appeal filed by the assessee was allowed, affirming that jurisdiction cannot be assumed without a valid transfer order under section 127.
The ITAT held that the transfer of the assessment case between Assessing Officers (AOs) under section 127 was not valid as no formal order under section 127 was passed, nor was the assessee given an opportunity to be heard or reasons recorded. The AO who completed the assessment assumed jurisdiction without proper authority, as the procedural requirements for transfer of jurisdiction were not complied with. Consequently, the order passed by the AO lacking jurisdiction was quashed. The appeal filed by the assessee was allowed, affirming that jurisdiction cannot be assumed without a valid transfer order under section 127.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
