Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
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...
Reassessment is invalid where the Assessing Officer furnishes reopening reasons but fails to dispose of the assessee's objections by a speaking order before completing reassessment. Applying the procedure in GKN Driveshafts and the jurisdictional High Court ruling in Hewlett Packard Financial Services, the Tribunal held that such disposal is mandatory. As the later objections challenging the reopening were never addressed, the notice under section 148 and the reassessment order under sections 143 read with 147 could not survive and were set aside.
Reassessment is invalid where the Assessing Officer furnishes reopening reasons but fails to dispose of the assessee's objections by a speaking order before completing reassessment. Applying the procedure in GKN Driveshafts and the jurisdictional High Court ruling in Hewlett Packard Financial Services, the Tribunal held that such disposal is mandatory. As the later objections challenging the reopening were never addressed, the notice under section 148 and the reassessment order under sections 143 read with 147 could not survive and were set aside.
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