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...
Rectification jurisdiction under section 254(2) is limited to correcting mistakes apparent from the record and does not permit reconsideration of merits or review of an earlier order. The Tribunal rejected the rectification application on distributor confirmations and cash-receipt patterns that were neither raised in the application nor relied upon in the original remand order. That rejection exceeded the statutory scope of rectification. The rejection order was quashed, and the matters were remanded to the Tribunal for fresh adjudication in accordance with law and principles of natural justice.
Rectification jurisdiction under section 254(2) is limited to correcting mistakes apparent from the record and does not permit reconsideration of merits or review of an earlier order. The Tribunal rejected the rectification application on distributor confirmations and cash-receipt patterns that were neither raised in the application nor relied upon in the original remand order. That rejection exceeded the statutory scope of rectification. The rejection order was quashed, and the matters were remanded to the Tribunal for fresh adjudication in accordance with law and principles of natural justice.
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TaxTMI 
TaxTMI 
