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...
HC held that the respondent erred in computing the period of limitation from the date of the order under s.143(3); the matter sought to be revised before the respondent concerned the rejection of the appellants' rectification application decided on 9 Feb 2024, and the s.264 revision filed on 14 Jan 2025 fell within the one-year limitation prescribed by s.264. The respondent's conclusion that the revision was time-barred was unsustainable. The impugned order is quashed and set aside, and the matter is remanded to the respondent to adjudicate the appellants' s.264 revision application on merits and in accordance with law.
HC held that the respondent erred in computing the period of limitation from the date of the order under s.143(3); the matter sought to be revised before the respondent concerned the rejection of the appellants' rectification application decided on 9 Feb 2024, and the s.264 revision filed on 14 Jan 2025 fell within the one-year limitation prescribed by s.264. The respondent's conclusion that the revision was time-barred was unsustainable. The impugned order is quashed and set aside, and the matter is remanded to the respondent to adjudicate the appellants' s.264 revision application on merits and in accordance with law.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
