Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Validity of a final assessment under section 144C(13) hinges on the applicable limitation period, and the article explains that limitation must be determined by reading section 144C with section 153 together because both provisions overlap and are interdependent. Following precedent from a High Court and an ITAT decision, the note records that a final assessment for the specified year was treated as timebarred when limitation under section 153 read with section 144C was applied, resulting in quashing of the order, while parties retain liberty to revive the appeal pending the Supreme Court largerbench decision on the issue.
Validity of a final assessment under section 144C(13) hinges on the applicable limitation period, and the article explains that limitation must be determined by reading section 144C with section 153 together because both provisions overlap and are interdependent. Following precedent from a High Court and an ITAT decision, the note records that a final assessment for the specified year was treated as timebarred when limitation under section 153 read with section 144C was applied, resulting in quashing of the order, while parties retain liberty to revive the appeal pending the Supreme Court largerbench decision on the issue.
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