Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
The ITAT set aside the Ld. CIT(A)'s legal finding in favour of the assessee because the assessee failed to raise the objection mandated by s.124. The matter is remitted to the CIT(A) for fresh adjudication on the merits, directing that the appeal be decided after considering the assessee's submissions and material and after affording a reasonable opportunity of hearing; the assessee is directed to cooperate for expeditious disposal. Procedurally, the tribunal dismissed Revenue's grounds 2-7 and allowed ground 1. The tribunal's order requires the CIT(A) to re-evaluate jurisdictional and transfer-related issues in light of applicable statutory provisions during the rehearing.
The ITAT set aside the Ld. CIT(A)'s legal finding in favour of the assessee because the assessee failed to raise the objection mandated by s.124. The matter is remitted to the CIT(A) for fresh adjudication on the merits, directing that the appeal be decided after considering the assessee's submissions and material and after affording a reasonable opportunity of hearing; the assessee is directed to cooperate for expeditious disposal. Procedurally, the tribunal dismissed Revenue's grounds 2-7 and allowed ground 1. The tribunal's order requires the CIT(A) to re-evaluate jurisdictional and transfer-related issues in light of applicable statutory provisions during the rehearing.
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