Service of notice and contractual debt acknowledgment preserved insolvency admission against a corporate guarantor despite limitation and natural just...
Original works exemption excludes standalone boulder transportation, leaving subcontracted railway-project transport services subject to service tax l...
Annual production capacity determinations excluding stenter galleries support refunds for unconstitutional excise levies without an unjust-enrichment ...
Vicarious liability for cheque dishonour requires specific allegations of responsibility and cheque signatory; generic director allegations cannot sus...
IT Resilience Index requires market infrastructure institutions to automate resilience scoring, early warnings, and continuous service-delivery monito...
Interplay between limitation for final assessment under section...
Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to revive appeal
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Interplay between limitation for final assessment under section 144C(13) and section 153 was considered, and the tribunal applied binding precedent to treat limitation as governed by section 153 read with section 144C; consequence: the final assessment order for the stated year was held timebarred and quashed. The tribunal followed prior High Court and ITAT decisions endorsing mutual inclusion of the two provisions and cited a pending Supreme Court reference; consequence: parties are granted liberty to revive the appeal for merits if the higher court's ultimate ruling requires modification of this order.
Interplay between limitation for final assessment under section 144C(13) and section 153 was considered, and the tribunal applied binding precedent to treat limitation as governed by section 153 read with section 144C; consequence: the final assessment order for the stated year was held timebarred and quashed. The tribunal followed prior High Court and ITAT decisions endorsing mutual inclusion of the two provisions and cited a pending Supreme Court reference; consequence: parties are granted liberty to revive the appeal for merits if the higher court's ultimate ruling requires modification of this order.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
