Proceeds of crime and money laundering: PMLA prosecution requires subsisting predicate offence; discharge of predicate accused precludes further prose...
Validity of faceless assessment procedure challenged for jurisdictional AO intervention mid-remand, resulting in quashing of assessment for procedural...
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The ITAT held that a CIT(A) cannot direct the Assessing Officer to re-examine a claim under section 10(23C)(iv) where the assessment record shows that the provision was already considered during the assessment proceedings. The Tribunal found the appellate direction unnecessary and unsupported by the record, especially since the issue had been examined in the section 143(3) assessment and no fresh basis existed for reopening the matter through appellate directions. It therefore set aside and quashed the order passed under section 250 and allowed the assessee's challenge to that direction.
The ITAT held that a CIT(A) cannot direct the Assessing Officer to re-examine a claim under section 10(23C)(iv) where the assessment record shows that the provision was already considered during the assessment proceedings. The Tribunal found the appellate direction unnecessary and unsupported by the record, especially since the issue had been examined in the section 143(3) assessment and no fresh basis existed for reopening the matter through appellate directions. It therefore set aside and quashed the order passed under section 250 and allowed the assessee's challenge to that direction.
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