Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Assessment against deceased sole proprietor requires proceedings against the legal representative, rendering prior assessment and appellate orders inv...
Residential waste collection classification under SAC 999423 defeats composite-supply exemption where facilitating goods are not transferred to the lo...
Condonation of delay permits statutory appeal restoration where inadequate service explanation prevented consideration of reassessment and taxable-inc...
Assessment under the Black Money Act starts only on service of notice under section 10, so no assessment proceedings exist in law before that date. On that basis, time excluded for foreign information exchange under Explanation 1 to section 11 can cover only the period overlapping with the running assessment period, not any earlier period before notice service. The Tribunal held that the Revenue wrongly excluded pre-notice time, and the assessment was completed after the last permissible date. The order was therefore time-barred, without jurisdiction and non est, and was quashed; the merits were left open and the departmental appeal became infructuous.
Assessment under the Black Money Act starts only on service of notice under section 10, so no assessment proceedings exist in law before that date. On that basis, time excluded for foreign information exchange under Explanation 1 to section 11 can cover only the period overlapping with the running assessment period, not any earlier period before notice service. The Tribunal held that the Revenue wrongly excluded pre-notice time, and the assessment was completed after the last permissible date. The order was therefore time-barred, without jurisdiction and non est, and was quashed; the merits were left open and the departmental appeal became infructuous.
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