Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
Priority of set-off: brought forward business losses must be adjusted before unabsorbed depreciation; procedural safeguards required for invoking rest...
Arguable jurisdictional defects were identified in reassessment proceedings: the notice under Section 148 was challenged on the ground that only a Faceless Assessing Officer may issue such notices post 29 March 2022, rendering notices issued by the Jurisdictional Assessing Officer prima facie void; this ground was held sufficient to invoke writ jurisdiction. Separately, the notice gave only thirty days to file a return, whereas a statutory minimum three month period was asserted, which likewise raised a substantial jurisdictional objection. On these bases the High Court entertained the writ, issued rule, and granted interim relief restraining reassessment, demand and penalty notices pending final disposal.
Arguable jurisdictional defects were identified in reassessment proceedings: the notice under Section 148 was challenged on the ground that only a Faceless Assessing Officer may issue such notices post 29 March 2022, rendering notices issued by the Jurisdictional Assessing Officer prima facie void; this ground was held sufficient to invoke writ jurisdiction. Separately, the notice gave only thirty days to file a return, whereas a statutory minimum three month period was asserted, which likewise raised a substantial jurisdictional objection. On these bases the High Court entertained the writ, issued rule, and granted interim relief restraining reassessment, demand and penalty notices pending final disposal.
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