Faceless assessment and registration procedures are updated through electronic communication, revised recovery rules, extended deadlines, and replacem...
Specific condonation circular governs delayed co-operative society returns claiming Section 80P deductions amid genuine hardship.
Permanent-establishment reassessment cannot revisit scrutinised disclosures; extended reopening fails without undisclosed material facts and within st...
Section 47(xiii) succession remains exempt despite pre-conversion capital withdrawals, while section 153A fails without incriminating material.
Venture capital fund exemption survives separate schemes, trustees' fiduciary holdings, and uncancelled regulatory registration for tax purposes.
Section 270A penalties cannot rest on disclosed APA adjustments, precedent-supported CSR claims, or later retrospective education-cess amendments.
Functional characterisation of spare replacement services supports TNMM over RPM where customer and resale-price control are absent.
Modified returns after business reorganisation must be assessed within pending proceedings, barring parallel scrutiny and consequential transfer prici...
Information suggesting income escapement cannot support reassessment where it merely seeks verification through a roving inquiry.
Valid reassessment information excludes demerger receipts already taxed by resulting company, defeating extended limitation for reassessment.
Service of reassessment notices to inactive contact details requires renewed response opportunity before consequential proceedings can stand.
Alternative concession on agricultural-loss disallowance barred a subsequent challenge to the accepted disallowance in appellate proceedings.
Reassessment safeguards require independent inquiry, compliance with approved insolvency plans, third-party disclosure, and statutory limitation.
Functional and financial comparability excludes companies lacking verifiable disclosures, similar business profiles, or qualifying employee costs.
Turnover mismatches under percentage-completion accounting cannot alone establish suppressed income where customer advances remain recorded as liabili...
Electronic DRP directions trigger final assessment limitation, rendering assessments completed after the statutory period time-barred and void.
Permissive possession under a development agreement does not trigger capital gains transfer where it is limited to construction.
Software development comparability requires employee-cost filtering and segmental data; unsupported CUP receivables interest adjustments fail.
Modified returns under unilateral advance pricing agreements require pending assessments to conform to agreed transfer-pricing terms.
Finality of Settlement Orders Bars Reassessment of Housing-Project Deductions Already Covered by the Settlement Process
TaxTMI 
TaxTMI 
