Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
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The HC upheld that the assessee's challenge to the territorial jurisdiction of the AO was barred by Section 124(3)(a) of the IT Act because no objection was raised within the statutory period or prior to completion of assessment; notice under s.143(2) served on the PAN address did not revive the objection. The court further held that subsequent administrative reallocation of wards lawfully vested jurisdiction in ITO, Ward-2(1), Raipur, rendering the jurisdictional plea untimely and without merit. Consequently, the ITAT's refusal to entertain the jurisdictional challenge was affirmed and the substantial question of law was answered against the assessee.
The HC upheld that the assessee's challenge to the territorial jurisdiction of the AO was barred by Section 124(3)(a) of the IT Act because no objection was raised within the statutory period or prior to completion of assessment; notice under s.143(2) served on the PAN address did not revive the objection. The court further held that subsequent administrative reallocation of wards lawfully vested jurisdiction in ITO, Ward-2(1), Raipur, rendering the jurisdictional plea untimely and without merit. Consequently, the ITAT's refusal to entertain the jurisdictional challenge was affirmed and the substantial question of law was answered against the assessee.
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