Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are estab...
Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
The HC held that denial of the mandatory video conference personal hearing under the Faceless Assessment provisions u/s 144B constitutes a violation of natural justice. Despite the petitioner's failure to initially respond, the department was obligated to send physical communication to the last known address. In this case, the petitioner explicitly requested a video conference hearing, which was not granted, thereby breaching the Standard Operating Procedure (SOP). Consequently, the impugned Assessment Order and demand notice dated 19.03.2025 are quashed and set aside. The matter is remanded to the National Faceless Assessment Authority for compliance with the SOP and issuance of a fresh order in accordance with proper procedural safeguards.
The HC held that denial of the mandatory video conference personal hearing under the Faceless Assessment provisions u/s 144B constitutes a violation of natural justice. Despite the petitioner's failure to initially respond, the department was obligated to send physical communication to the last known address. In this case, the petitioner explicitly requested a video conference hearing, which was not granted, thereby breaching the Standard Operating Procedure (SOP). Consequently, the impugned Assessment Order and demand notice dated 19.03.2025 are quashed and set aside. The matter is remanded to the National Faceless Assessment Authority for compliance with the SOP and issuance of a fresh order in accordance with proper procedural safeguards.
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