Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
HC entertained the writ petition challenging rejection of a rectification application and the consequential assessment order, noting that the petitioner had failed to respond to the pre-assessment notice. Applying its consistent view in analogous matters, HC quashed the impugned assessment and rectification rejection orders and remitted the matter to the Assessing Authority for de novo consideration. The remand was made conditional upon the petitioner-assessee depositing a quantified portion of the disputed tax, between 25% and 100%, as determined with reference to the delay in approaching HC. The Assessing Authority was directed to afford the petitioner a reasonable opportunity of being heard and to pass a fresh, reasoned order in accordance with law. With these directions and conditions, the writ petition was disposed of.
HC entertained the writ petition challenging rejection of a rectification application and the consequential assessment order, noting that the petitioner had failed to respond to the pre-assessment notice. Applying its consistent view in analogous matters, HC quashed the impugned assessment and rectification rejection orders and remitted the matter to the Assessing Authority for de novo consideration. The remand was made conditional upon the petitioner-assessee depositing a quantified portion of the disputed tax, between 25% and 100%, as determined with reference to the delay in approaching HC. The Assessing Authority was directed to afford the petitioner a reasonable opportunity of being heard and to pass a fresh, reasoned order in accordance with law. With these directions and conditions, the writ petition was disposed of.
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