CKD/SKD air-conditioner components classifiable with finished units by essential character; prior advance ruling extended three years, FTA benefits po...
Scope of judicial review under Article 226: supervisory, not appellate; factual reappraisal barred, challenge dismissed; insolvency professional dutie...
Courier transshipment of imported goods via named carrier to air cargo stations renewed until 30.01.2026; exemption conditional, strict controls apply...
The ITAT held that the assessee's belated challenge to the AO's jurisdiction under s.124 was not maintainable, as no objection was raised before the AO or CIT(A) within the statutory framework of s.124(3). Section 124 was treated as a self-contained code, and the additional ground on jurisdiction was dismissed. However, on the issue of addition towards alleged long-term capital gains, the ITAT found procedural infirmity because the CIT(A) relied on the AO's remand report without granting the assessee an opportunity to rebut it. In the interest of justice, the matter on capital gains was remanded to the jurisdictional AO for fresh adjudication after hearing the assessee.
The ITAT held that the assessee's belated challenge to the AO's jurisdiction under s.124 was not maintainable, as no objection was raised before the AO or CIT(A) within the statutory framework of s.124(3). Section 124 was treated as a self-contained code, and the additional ground on jurisdiction was dismissed. However, on the issue of addition towards alleged long-term capital gains, the ITAT found procedural infirmity because the CIT(A) relied on the AO's remand report without granting the assessee an opportunity to rebut it. In the interest of justice, the matter on capital gains was remanded to the jurisdictional AO for fresh adjudication after hearing the assessee.
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