Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit ...
Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory...
Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and veri...
Section 79 permits recovery of tax dues from third parties without any separate statutory requirement of prior authorization before recovery proceedings are initiated. The High Court found that the jurisdictional Deputy Assistant Commissioner (ST) was the notified proper officer under the Gazette notification, so the notice could not be challenged for want of competence. It also held that once the assessment order had attained finality, no further prior notice to the dealer was required before issuing a garnishee notice to the bank. The recovery notice was therefore lawful and the writ petition was dismissed.
Section 79 permits recovery of tax dues from third parties without any separate statutory requirement of prior authorization before recovery proceedings are initiated. The High Court found that the jurisdictional Deputy Assistant Commissioner (ST) was the notified proper officer under the Gazette notification, so the notice could not be challenged for want of competence. It also held that once the assessment order had attained finality, no further prior notice to the dealer was required before issuing a garnishee notice to the bank. The recovery notice was therefore lawful and the writ petition was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
