The Revenue argued AMP functions required separate compensation under DEMPE principles. The Tribunal rejected this, holding that consistent past rulings prevail absent material factual change.
Holding that justice requires a reasoned order after hearing both sides, the Tribunal remanded the appeals. Continued non-cooperation may still permit ex parte disposal.
The government issued a notification updating tariff value tables for key commodities, largely retaining existing values with effect from 14 January 2026.
Finding that the Assessing Officer acted beyond section 151A, the Court quashed the reopening notices. The ruling highlights that reassessment cannot proceed without valid jurisdictional foundation.
A public sector bank has invited quotations to appoint external auditors for reviewing its internal audit and compliance functions. The move focuses on quality assurance, risk assessment, and systemic improvements over a defined audit period.
The Court held that a conditional stay requiring 20% deposit is not final. Assessees can seek review before the Principal CIT/CIT under CBDT instructions.
The appeals involved common challenges to reassessment proceedings across several years. As CIT(A) had not ruled on these issues, the Tribunal ordered a remand for fresh decision.
The regulator held that partial disclosure in balance sheet notes is insufficient under section 134. Listed companies must make clear and complete related party disclosures.
Failure to disclose occupation of allottees in Form PAS-3 was held to violate Rule 12(2). Rejection of a statutory form was ruled insufficient to escape penalty under section 450.
The regulator held that failure to furnish full allottee particulars violates Rule 14(6). Rejection of NDH-4 led to adjudication and penalties under section 450.
