Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
ITAT held that notices issued under section 148 and section 148A(b) by the jurisdictional assessing officer, instead of the faceless assessing officer, are invalid and set aside; consequent reassessment orders premised on such notices are quashed. The Tribunal further determined that where the assessing officer, in reassessment proceedings, made no addition on the very issue forming the basis for reopening, the officer lacked jurisdiction to make other additions, rendering the reassessment void. Parties were granted liberty to seek revival of the appeal should controlling decisions of higher courts on the faceless-notice issue necessitate modification of this order.
ITAT held that notices issued under section 148 and section 148A(b) by the jurisdictional assessing officer, instead of the faceless assessing officer, are invalid and set aside; consequent reassessment orders premised on such notices are quashed. The Tribunal further determined that where the assessing officer, in reassessment proceedings, made no addition on the very issue forming the basis for reopening, the officer lacked jurisdiction to make other additions, rendering the reassessment void. Parties were granted liberty to seek revival of the appeal should controlling decisions of higher courts on the faceless-notice issue necessitate modification of this order.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
