Transfer-pricing aggregation of distinct support-service and subcontract transactions was rejected, while debt-free receivables attracted no notional ...
Customs exemptions cover photovoltaic assembly machinery and PVF backsheets, while fully declared cleared imports may avoid confiscation and penalties...
Specific tariff classification for LCD devices overrides treatment as electricity-meter parts, defeating differential duty, extended limitation, and p...
Stayed disciplinary punishment does not establish unfitness for insolvency professional registration; reconsideration must disregard mere pendency of ...
Reassessment against a converted non-existing firm was jurisdictionally defective where no notice under section 148 was issued to the successor company and the proceedings were continued in the erstwhile firm's name. The HC also held that mandatory faceless assessment procedure was breached because no draft assessment order was issued under section 144B and a final order was passed directly. The reassessment order, demand notice and penalty notices were quashed, with liberty to proceed afresh in accordance with law after curing these defects.
Reassessment against a converted non-existing firm was jurisdictionally defective where no notice under section 148 was issued to the successor company and the proceedings were continued in the erstwhile firm's name. The HC also held that mandatory faceless assessment procedure was breached because no draft assessment order was issued under section 144B and a final order was passed directly. The reassessment order, demand notice and penalty notices were quashed, with liberty to proceed afresh in accordance with law after curing these defects.
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TaxTMI 
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