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...
Section 250(6A) reflects a legislative expectation that income-tax first appeals should ordinarily be heard and decided within one year from the end of the relevant financial year. The qualification "where it is possible" does not permit prolonged pendency that defeats this objective. An appeal remaining undecided beyond that period constitutes genuine hardship within the CBDT guidelines. Expeditious disposal of the pending first appeal was directed within three months.
Section 250(6A) reflects a legislative expectation that income-tax first appeals should ordinarily be heard and decided within one year from the end of the relevant financial year. The qualification "where it is possible" does not permit prolonged pendency that defeats this objective. An appeal remaining undecided beyond that period constitutes genuine hardship within the CBDT guidelines. Expeditious disposal of the pending first appeal was directed within three months.
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TaxTMI 
TaxTMI 
