Unlawful outward remittances via Hawala using proforma invoices and electronic records proved; documents admitted, directors penalised, penalties redu...
Attachment of equivalent-value properties as proceeds of crime upheld; preventive attachment order and confirmation sustained; no independent ED reinv...
Broker trading-system "technical glitch" redefinition and narrowed incident-reporting regime for large IBT/STWT brokers requiring 2-hr notice and 14-w...
Intimation under section 143(1)(a) incorporating an ICDS adjustment was quashed by the jurisdictional High Court; consequently the ICDS adjustment cannot stand in the assessment computation and must be removed from the assessment under section 143(3). The tribunal directs the assessing officer to modify the total income in the assessment order to exclude the ICDS adjustment reflected in the quashed intimation, giving full consequential effect to the High Court quashing when finalising the assessment computation.
Intimation under section 143(1)(a) incorporating an ICDS adjustment was quashed by the jurisdictional High Court; consequently the ICDS adjustment cannot stand in the assessment computation and must be removed from the assessment under section 143(3). The tribunal directs the assessing officer to modify the total income in the assessment order to exclude the ICDS adjustment reflected in the quashed intimation, giving full consequential effect to the High Court quashing when finalising the assessment computation.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4816 
Join Channel 
