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...
The Petitioner (an anonymized corporate assessee) moved the HC challenging territorial jurisdiction and validity of reopening under s.148 of the IT Act read with the extended limitation provisions under TOLA; the Court held that, following relocation of the Petitioner's registered office to Mumbai and substantial events arising within the HC's territory, a substantial part of the cause of action arose within the HC's jurisdiction under Art.226(2), rejecting the forum conveniens objection. Applying binding precedent, the HC set aside the impugned s.148 notice and all consequential proceedings, thereby quashing the reopening and terminating the assessment action initiated pursuant to that notice.
The Petitioner (an anonymized corporate assessee) moved the HC challenging territorial jurisdiction and validity of reopening under s.148 of the IT Act read with the extended limitation provisions under TOLA; the Court held that, following relocation of the Petitioner's registered office to Mumbai and substantial events arising within the HC's territory, a substantial part of the cause of action arose within the HC's jurisdiction under Art.226(2), rejecting the forum conveniens objection. Applying binding precedent, the HC set aside the impugned s.148 notice and all consequential proceedings, thereby quashing the reopening and terminating the assessment action initiated pursuant to that notice.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
