Refund claim dismissed as time-barred under s.142(5); non-obstante clause read restrictively, merits not decided, self-assessment payments not mere de...
Assessee's project-completion revenue recognition upheld; income addition deleted under Guidance Note/AS-9 and percentage-completion rules as complian...
Office memorandum clarifies the procedure when a taxpayer's MAP application under Rule 44G is successfully resolved while an income tax appeal is pending before the Commissioner of Income Tax (Appeals). Following mutual agreement, the taxpayer must accept or reject the resolution and provide proof of appeal withdrawal. Since no explicit process existed for withdrawal at the CIT(A) stage, the memorandum directs CIT(A) offices to issue an intimation confirming acceptance of withdrawal of the appeal or specific grounds covered by the MAP resolution. This intimation will constitute valid proof of withdrawal for purposes of Rule 44G(8).
Office memorandum clarifies the procedure when a taxpayer's MAP application under Rule 44G is successfully resolved while an income tax appeal is pending before the Commissioner of Income Tax (Appeals). Following mutual agreement, the taxpayer must accept or reject the resolution and provide proof of appeal withdrawal. Since no explicit process existed for withdrawal at the CIT(A) stage, the memorandum directs CIT(A) offices to issue an intimation confirming acceptance of withdrawal of the appeal or specific grounds covered by the MAP resolution. This intimation will constitute valid proof of withdrawal for purposes of Rule 44G(8).
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4830 
Join Channel 
