S. 144C : Reference to dispute resolution panel-Capital gains-Non-Resident-Eligible assessee-Change Of Law-Amendment to include non-Residents as eligible assessees with effect from 1-4-2020-Pending assessments for which orders passed after 1-4-2020 is covered by amended section.[S. 45, 49]
S. 144C : Reference to dispute resolution panel-Draft assessment order-Assignment of finality to draft order-Order vitiated. [S. 143(3)]
S. 144C : Reference to dispute resolution panel-Order not in conformity with directions of Dispute Resolution Panel-Order bad in law and not sustainable. [S. 143(3)]
S. 144C : Reference to dispute resolution panel-Transfer pricing-Assessing Officer to pass final order from end of month in which direction received from Dispute Resolution Panel-Order not barred by limitation.[S. 92C, 144C(13)]
S. 144 : Best judgment assessment-Cash deposited in assessee’s Bank Account-Burden of proof on assessee that bank account not his-Matter remanded for adjudication afresh. [S. 143(3)]
S. 144 : Best judgement assessment-Income from undisclosed sources-Estimation of profits-Profits declared at 14.80%-Amount deposited in account much higher than turnover-Assessing officer applied net profit at 8%-Additions justified-Interest income not disclosed-Addition is justified. [S. 69, Form 26AS]
S. 144 : Best judgment assessment-Estimation of income-Producing complete production details of manufacturing of bricks-Consistency of business-Partly confirmed. [S. 144]
S. 144 : Best judgment assessment-Failure to produce vouchers and books of account-Not owning the Trucks-Estimation of profit-Failure to produce books of account-Assessing officer estimating at 12 Per Cent on gross receipts-CIT(A) reducing to 5 Per Cent-Tribunal applied 2.5 Per Cent of net profit rate on gross receipts. [S. 44AB, 143(3), 145(3)]
S. 144 : Best judgment assessment-Details not filed-Best judgement is held to be justified. [S. 142(1)), 143(2)]
S. 144 : Best judgment assessment-Lack of effective representation-Matter remanded. [S. 254(1)]