Assessing Officer jurisdiction after statutory transfer invalidates reassessment notices issued by transferor officers and nullifies resulting proceed...
Consequential appeal-effect orders must implement rectification deleting working-capital adjustments and reconsider the resulting arm's-length range c...
Discounted cash flow valuation protects share premium where projections are reasonable, while audited book expenses defeat unexplained-expenditure add...
Section 54 construction relief survives pre-transfer commencement when completion occurs within the statutory period, excluding ineligible spouse-owne...
Fraud classification show-cause notices founded on inconclusive forensic audit material cannot sustain action, permitting fresh proceedings on conclus...
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Statutory pre-deposit for a Tribunal appeal must be assessed against the disputed tax remaining after the first appellate authority reduces the tax demand. The deposit made at the first appellate stage represents a prescribed portion of the dispute, not payment of a separate liability. No further pre-deposit under section 112(8) is required where the amount already deposited equals or exceeds the aggregate prescribed percentage of the surviving disputed tax. Requiring an additional deposit in those circumstances would mechanically duplicate the pre-deposit obligation and produce an anomalous, unworkable result.
Statutory pre-deposit for a Tribunal appeal must be assessed against the disputed tax remaining after the first appellate authority reduces the tax demand. The deposit made at the first appellate stage represents a prescribed portion of the dispute, not payment of a separate liability. No further pre-deposit under section 112(8) is required where the amount already deposited equals or exceeds the aggregate prescribed percentage of the surviving disputed tax. Requiring an additional deposit in those circumstances would mechanically duplicate the pre-deposit obligation and produce an anomalous, unworkable result.
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