The Delhi High Court upheld that both Jurisdictional and Faceless Assessing Officers can issue reassessment notices under Section 148, dismissing claims of FAO-exclusive authority.
The CBI arrests ITAT officials and an advocate in Jaipur for bribery, seizing over Rs. 1 crore and exposing an organized network settling appeals for cash.
SC confirmed an auction sale after judgment debtors failed to raise partial-sale objections at correct stage, emphasizing strict compliance with Order XXI Rule 90(3) CPC.
ITAT held that bank deposits consistent with declared fruit business turnover cannot be treated as unexplained under section 68; the addition of ₹1.29 crore was directed to be treated as genuine receipts.
ITAT held that framing reassessment without issuing a statutory 143(2) notice is invalid, quashing reassessments for a real estate company despite alleged bogus expenses.
The CBIC extends the validity of its 2023 valuation order for J3 grade stainless steel, ensuring continuity in customs value declaration until November 2026.
Tribunal invalidated the reassessment because the Assessing Officer failed to obtain mandatory approval from the specified authority under Section 151(ii), rendering the Section 148 notice void.
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NCLAT Delhi held that the admission of the Claim by the Resolution Professional in the first CIRP against the Corporate Debtor constituted a valid acknowledgement. Accordingly, order of adjudicating authority confirmed and appeals dismissed.
