Invoice-based recovery claims remain time-barred despite separate winding-up proceedings, absent valid acknowledgment or part-payment of the disputed ...
Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
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A reassessment cannot be sustained where the deduction claim was specifically examined and accepted in the original scrutiny assessment, because reopening on the same material is a mere change of opinion, even within four years. The recorded reasons also failed on merits: the proposed set-off of ineligible-unit losses before allowing the deduction was contrary to the Supreme Court's ruling in Yokogawa India Ltd., the foreign-exchange realisation condition was not applicable for the relevant year, and the objection that the claim was not made in the designated schedule was untenable because the claim was disclosed and explained during assessment. The notice, objection order, draft assessment order and consequential proceedings were quashed.
A reassessment cannot be sustained where the deduction claim was specifically examined and accepted in the original scrutiny assessment, because reopening on the same material is a mere change of opinion, even within four years. The recorded reasons also failed on merits: the proposed set-off of ineligible-unit losses before allowing the deduction was contrary to the Supreme Court's ruling in Yokogawa India Ltd., the foreign-exchange realisation condition was not applicable for the relevant year, and the objection that the claim was not made in the designated schedule was untenable because the claim was disclosed and explained during assessment. The notice, objection order, draft assessment order and consequential proceedings were quashed.
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