S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Unexplained money-Misuse of GST number by third party-Factual issue-Writ petition was dismissed-Directed the Assessing Officer to consider merits of the controversy and decide according to the law. [S. 148A(b), Art. 226]
S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Cash credits-Bogus accommodation entries-No details mentioned-Order was set aside for fresh determination. [S. 148, 148A(b) 148A(d), Art, 226]
S. 147 : Reassessment-Within four years-Capital gains-No failure to disclose material facts-Reassessment notice and order disposing of the objection was quashed. [S. 45, 68, 148, Art. 226]
S. 145 : Method of accounting-Rejection of accounts-Wholesale trader-Estimation of GP at 2% is held to be proper. [S. 260A]
S. 144C : Reference to dispute resolution panel-Transfer pricing-Limitation-Order of Appellate Tribunal received by the AO in 2016 remanding the matter to DRP-DRP passed the order on 28-2-2020-Limitation for passing the order expired on 31-3 207-Direction and order passed by DRP on 28-2-2020 was barred by limitation. [S. 92CA, 153, 254(1), Art. 226]
S. 144B : Faceless Assessment-Principle of natural justice-Only four days’ time was given-Order was quashed and set aside [S. 11, Art. 226]
S. 119 : Central Board of Direct Taxes-Intimation-Defective return-Failure to file audit report-Commissioner has the power to condone the delay-Order rejecting the application was quashed. [S. 119(2)(b), Form 3CB, Art, 226]
S. 115JB : Book profit-Interest subsidy and excise refund-Capital receipt for purpose of book profit. [S. 4]
S. 92C : Transfer pricing-Arms’ length price-No addition can be made when any arrangement or transaction is an international transaction.
S. 80G : Donation-Capitalisation fee-Show cause notice for cancellation of registration-Remanded to Commissioner to pass a fresh order on an application filed by assessee after further order was passed in show cause notice seeking to cancel the registration granted. [S. 12A, 80G(5), R. 11A]