Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
Administrative fraud classification suspension does not halt independent criminal investigation or warrant-based searches into alleged economic offenc...
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In search assessments under section 153A, additions cannot be made for completed or unabated assessment years unless incriminating material is found during the search. The High Court noted that this principle applies equally whether the earlier assessment was processed under section 143(1) or completed under section 143(3). As the Revenue did not dispute the absence of incriminating material and the Tribunal had deleted the additions on that basis, the Court found no error in the order and rejected the appeals.
In search assessments under section 153A, additions cannot be made for completed or unabated assessment years unless incriminating material is found during the search. The High Court noted that this principle applies equally whether the earlier assessment was processed under section 143(1) or completed under section 143(3). As the Revenue did not dispute the absence of incriminating material and the Tribunal had deleted the additions on that basis, the Court found no error in the order and rejected the appeals.
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