Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
Page of 4828
Press 'Enter' after typing page number.
161 to 180 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Section 148A(b) requires at least seven days to respond; a notice granting only five days was held contrary to statute, and the assessee's later extension request did not cure the defect. The resulting order under section 148A(d) and reassessment were therefore unsustainable. The notice under section 148 was also time-barred, as the limitation for A.Y. 2015-16 expired on 31/03/2022 but the notice was issued on 04/04/2022. On merits, the addition for unexplained investment could not be made wholly in the assessee's hands because the sale deed showed joint ownership of the property with his wife.
Section 148A(b) requires at least seven days to respond; a notice granting only five days was held contrary to statute, and the assessee's later extension request did not cure the defect. The resulting order under section 148A(d) and reassessment were therefore unsustainable. The notice under section 148 was also time-barred, as the limitation for A.Y. 2015-16 expired on 31/03/2022 but the notice was issued on 04/04/2022. On merits, the addition for unexplained investment could not be made wholly in the assessee's hands because the sale deed showed joint ownership of the property with his wife.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
