Jurisdictional sanction requirements bar reassessment when approval comes from an authority lacking statutory competence under the applicable framewor...
Recorded sales receipts cannot be reassessed as unexplained cash credits, eliminating the basis for consequential alleged commission expenditure addit...
Sufficient cause for delayed income-tax appeals requires bona fide diligence; unsubstantiated counsel illness and assessee inaction defeat condonation...
TNMM Segmentation Limits Transfer-Pricing Adjustments to Associated-Enterprise Transactions and Requires Turnover-Based Comparable Selection for IT Se...
Tax-evasion prosecution founded solely on an assessment order lacks a subsisting basis once that order is set aside for fresh assessment. Where the complaint rests on the annulled assessment, the prosecution cannot be sustained. The resulting legal consequence is that the complaint, convictions and sentences are set aside, and the accused are acquitted. The principle applies where the assessment order forms the foundation of the criminal proceedings.
Tax-evasion prosecution founded solely on an assessment order lacks a subsisting basis once that order is set aside for fresh assessment. Where the complaint rests on the annulled assessment, the prosecution cannot be sustained. The resulting legal consequence is that the complaint, convictions and sentences are set aside, and the accused are acquitted. The principle applies where the assessment order forms the foundation of the criminal proceedings.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
