Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Page of 4796
Press 'Enter' after typing page number.
541 to 560 of 95918 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The HC held that a notice issued under s.148 by the jurisdictional Assessing Officer was void for want of jurisdiction where the statute mandates issuance by the FAO; this inherent lack of jurisdiction cannot be cured by consent or by the assessee's prior abandonment of challenge. The Court applied the principle that statutory powers must be exercised by the authority designated by statute, and any exercise inconsistent with statutory prescription is a nullity. Consequently, the petitioner's writ challenging the s.148 notice was maintainable despite earlier acquiescence, and the impugned notice (and any consequential action) was declared invalid, decision rendered in favour of the assessee.
The HC held that a notice issued under s.148 by the jurisdictional Assessing Officer was void for want of jurisdiction where the statute mandates issuance by the FAO; this inherent lack of jurisdiction cannot be cured by consent or by the assessee's prior abandonment of challenge. The Court applied the principle that statutory powers must be exercised by the authority designated by statute, and any exercise inconsistent with statutory prescription is a nullity. Consequently, the petitioner's writ challenging the s.148 notice was maintainable despite earlier acquiescence, and the impugned notice (and any consequential action) was declared invalid, decision rendered in favour of the assessee.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4796
Join Channel
TaxTMI 
