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...
Page of 4826
Press 'Enter' after typing page number.
9821 to 9840 of 96510 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 granted ad-interim relief to the Petitioner, holding that under the pre-amendment proviso of s.275(1)(a) of the IT Act an order imposing penalty under Chapter XXI ought not be passed while an appeal against the assessment is pending before the Appellate Tribunal; accordingly the impugned penalty order is set aside and remitted to the AO with a direction that penalty proceedings be kept in abeyance until the ITAT disposes the pending appeal. The court found a strong prima facie case and balance of convenience in the Petitioner's favour, noting potential recovery of c. Rs.101 crore, and directed the Revenue to file any affidavit-in-reply by 12 Nov 2025.
The HC granted ad-interim relief to the Petitioner, holding that under the pre-amendment proviso of s.275(1)(a) of the IT Act an order imposing penalty under Chapter XXI ought not be passed while an appeal against the assessment is pending before the Appellate Tribunal; accordingly the impugned penalty order is set aside and remitted to the AO with a direction that penalty proceedings be kept in abeyance until the ITAT disposes the pending appeal. The court found a strong prima facie case and balance of convenience in the Petitioner's favour, noting potential recovery of c. Rs.101 crore, and directed the Revenue to file any affidavit-in-reply by 12 Nov 2025.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4826 
Join Channel 
