Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Reopening notices for years before AY 2021-22 could be issued after the 01.04.2021 amendment only if the pre-existing six-year limitation under section 149 was still alive on the date of notice. Applying the principle in UOI v. Rajiv Bansal and following Sridhar Lokesh, the Tribunal held that the first proviso bars retrospective use of the extended ten-year period; for AY 2015-16, the outer limit expired on 31.03.2022, so a notice issued on 01.04.2022 was time-barred. It further held that exclusion of time spent in section 148A proceedings could not revive a notice already barred under the first proviso. The reassessment was quashed and the additions were deleted.
Reopening notices for years before AY 2021-22 could be issued after the 01.04.2021 amendment only if the pre-existing six-year limitation under section 149 was still alive on the date of notice. Applying the principle in UOI v. Rajiv Bansal and following Sridhar Lokesh, the Tribunal held that the first proviso bars retrospective use of the extended ten-year period; for AY 2015-16, the outer limit expired on 31.03.2022, so a notice issued on 01.04.2022 was time-barred. It further held that exclusion of time spent in section 148A proceedings could not revive a notice already barred under the first proviso. The reassessment was quashed and the additions were deleted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4807 
Join Channel 
