Retrospective cancellation of charitable registration under section 12AB(4) was unsustainable; related-party benefit allegations did not prove nongenu...
Merger control notice and disclosure rules: Supreme Court limits penalties, rejects reopening of approved combination, and sets aside adverse findings...
Page of 4807
Press 'Enter' after typing page number.
2741 to 2760 of 96140 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Section 143(1)(a) permits only summary adjustments apparent from the return, not resolution of a debatable deduction issue. On the date of intimation, whether employees' contribution to ESI and EPF deposited after the due date under the labour laws but before filing the return was allowable was already subject to conflicting judicial views. The disclosed delay in the audit report did not make the disallowance self-evident, and the Assessing Officer could not treat the claim as a prima facie adjustment. The intimation and appellate orders were set aside, with liberty to the Revenue to proceed by regular assessment in accordance with law.
Section 143(1)(a) permits only summary adjustments apparent from the return, not resolution of a debatable deduction issue. On the date of intimation, whether employees' contribution to ESI and EPF deposited after the due date under the labour laws but before filing the return was allowable was already subject to conflicting judicial views. The disclosed delay in the audit report did not make the disallowance self-evident, and the Assessing Officer could not treat the claim as a prima facie adjustment. The intimation and appellate orders were set aside, with liberty to the Revenue to proceed by regular assessment in accordance with law.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4807 
Join Channel 
