Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
The ITAT Panaji Bench held that it lacked territorial jurisdiction over the appeals since the assessing officer's office was situated in Hubli, Dharwad District, Karnataka, outside the Panaji Bench's jurisdiction. Consequently, the appeals were dismissed in limine as not maintainable. The tribunal granted leave to the appellant to file the appeals before the appropriate ITAT bench vested with jurisdiction over the assessing officer's territorial area.
The ITAT Panaji Bench held that it lacked territorial jurisdiction over the appeals since the assessing officer's office was situated in Hubli, Dharwad District, Karnataka, outside the Panaji Bench's jurisdiction. Consequently, the appeals were dismissed in limine as not maintainable. The tribunal granted leave to the appellant to file the appeals before the appropriate ITAT bench vested with jurisdiction over the assessing officer's territorial area.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
