Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
In HC proceedings the petition by the Petitioner challenging issuance of notice under s.148 was dismissed; the court held maintainability of writ under Articles 226/227 is distinct from the substantive adjudication under s.148A(d)/s.147 and is confined to whether credible information exists suggesting income has escaped assessment. The show-cause notice must be sufficiently reasoned to disclose the AO's intention and afford a reasonable opportunity to reply. The AO had recorded reasons based on material constituting credible information and applied mind; the Petitioner's merits-based defenses could not be tested at the notice stage. No interference was warranted at this intermediate stage; writ petition dismissed.
In HC proceedings the petition by the Petitioner challenging issuance of notice under s.148 was dismissed; the court held maintainability of writ under Articles 226/227 is distinct from the substantive adjudication under s.148A(d)/s.147 and is confined to whether credible information exists suggesting income has escaped assessment. The show-cause notice must be sufficiently reasoned to disclose the AO's intention and afford a reasonable opportunity to reply. The AO had recorded reasons based on material constituting credible information and applied mind; the Petitioner's merits-based defenses could not be tested at the notice stage. No interference was warranted at this intermediate stage; writ petition dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
