Delayed judgment pronouncement alone does not invalidate Tribunal orders, while rectification cannot reopen evidence or negate confiscation-related pe...
Agricultural-land reinvestment qualifies when transfer consideration precedes replacement purchase, while unexamined claims may be reassessed on escap...
Bona fide public fixed-deposit explanations prevent concealment penalties where unexplained-credit additions lack independent evidence of undisclosed ...
Limited Scrutiny confines the Assessing Officer's enquiry to the CASS issue notified to the assessee unless prescribed safeguards permit examination of an additional issue. A deduction for donations for scientific research and expenditure on an assessee's own in-house R&D facility are distinct statutory claims, notwithstanding their connection with section 35. The notified donation issue could not be expanded to review the in-house R&D deduction without credible specific information, recorded reasons, prior approval and required intimation. Participation in proceedings, a questionnaire, Form No. 3CL, or curative provisions could not create jurisdiction. The resulting disallowance under section 35(2AB) was deleted.
Limited Scrutiny confines the Assessing Officer's enquiry to the CASS issue notified to the assessee unless prescribed safeguards permit examination of an additional issue. A deduction for donations for scientific research and expenditure on an assessee's own in-house R&D facility are distinct statutory claims, notwithstanding their connection with section 35. The notified donation issue could not be expanded to review the in-house R&D deduction without credible specific information, recorded reasons, prior approval and required intimation. Participation in proceedings, a questionnaire, Form No. 3CL, or curative provisions could not create jurisdiction. The resulting disallowance under section 35(2AB) was deleted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4905 
