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Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Section 249(4)(b) could not be used to reject the quantum appeal where the record did not show taxable income in India and, on the assessee's consistent case, no obligation to pay advance tax arose. The Tribunal noted that the addition stemmed only from an unexplained source of investment in immovable property, not from returned or admitted income. The Commissioner (Appeals) therefore erred in dismissing the appeal in limine. The quantum matter was restored to the jurisdictional Assessing Officer for de novo adjudication after due opportunity, and the consequential penalty under section 271(1)(c) was also restored for fresh consideration.
Section 249(4)(b) could not be used to reject the quantum appeal where the record did not show taxable income in India and, on the assessee's consistent case, no obligation to pay advance tax arose. The Tribunal noted that the addition stemmed only from an unexplained source of investment in immovable property, not from returned or admitted income. The Commissioner (Appeals) therefore erred in dismissing the appeal in limine. The quantum matter was restored to the jurisdictional Assessing Officer for de novo adjudication after due opportunity, and the consequential penalty under section 271(1)(c) was also restored for fresh consideration.
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