PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Page of 4826
Press 'Enter' after typing page number.
1 to 20 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 ITAT allowed the assessee's appeal, holding the reassessment proceedings under s.144 r.w.s.147 invalid for want of jurisdiction. It found that no notice under s.143(2) had been issued, which is a mandatory precondition for a valid scrutiny assessment. The ITAT applied the settled legal position that s.292BB can cure only defects in the service of a notice that has actually been issued, but cannot cure the complete absence of a s.143(2) notice. As the AO had not issued such notice, the reassessment proceedings were held to be vitiated in law and void ab initio, and the impugned assessment order was quashed in entirety.
The ITAT allowed the assessee's appeal, holding the reassessment proceedings under s.144 r.w.s.147 invalid for want of jurisdiction. It found that no notice under s.143(2) had been issued, which is a mandatory precondition for a valid scrutiny assessment. The ITAT applied the settled legal position that s.292BB can cure only defects in the service of a notice that has actually been issued, but cannot cure the complete absence of a s.143(2) notice. As the AO had not issued such notice, the reassessment proceedings were held to be vitiated in law and void ab initio, and the impugned assessment order was quashed in entirety.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
Join Channel 
