Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Interest on belated payment of self-assessed tax was held recoverable as a statutory consequence under section 50(1) where the tax was paid only after departmental pointing-out. Sections 73 and 74, read with section 75(12) and section 79, were treated as a complete code for the relevant recovery mechanism, and unpaid interest remained recoverable notwithstanding those provisions. The explanation to section 75(12) was read broadly enough to cover tax payable on outward supplies not included in the return, so the recovery proceedings were sustainable. Mere reference to section 74 in the summary forms did not invalidate them, though the matter was remitted for reconsideration of the reply and a fresh order.
Interest on belated payment of self-assessed tax was held recoverable as a statutory consequence under section 50(1) where the tax was paid only after departmental pointing-out. Sections 73 and 74, read with section 75(12) and section 79, were treated as a complete code for the relevant recovery mechanism, and unpaid interest remained recoverable notwithstanding those provisions. The explanation to section 75(12) was read broadly enough to cover tax payable on outward supplies not included in the return, so the recovery proceedings were sustainable. Mere reference to section 74 in the summary forms did not invalidate them, though the matter was remitted for reconsideration of the reply and a fresh order.
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