Authority rules B+G+31 service apartment is commercial building construction, not multi-storey residential for tax classification under RERA definitio...
Resale price method upheld for distribution; assessee's margins accepted and certain transfer-pricing adjustments deleted due to documented reimbursem...
HC allowed writ petition under Article 226, finding procedural infirmities in the assessment process. The court held that Respondent No.1 failed to consider a supplier's timely reply to the s.133(6) notice and supporting documents, and relied on non-existent judicial precedents when computing peak director-loan balances without disclosing basis or issuing a show cause notice. The HC remanded the matter to the Assessing Officer for fresh adjudication, directing issuance of a fresh show cause notice specifying proposed additions and disallowances, provision of reasonable time and opportunity to file replies, and mandatory personal hearing before passing the assessment order.
HC allowed writ petition under Article 226, finding procedural infirmities in the assessment process. The court held that Respondent No.1 failed to consider a supplier's timely reply to the s.133(6) notice and supporting documents, and relied on non-existent judicial precedents when computing peak director-loan balances without disclosing basis or issuing a show cause notice. The HC remanded the matter to the Assessing Officer for fresh adjudication, directing issuance of a fresh show cause notice specifying proposed additions and disallowances, provision of reasonable time and opportunity to file replies, and mandatory personal hearing before passing the assessment order.
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