Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh rev...
Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identifi...
Industrial shrimp-feed machinery classification follows its commercial function, placing integrated production plants under the specific industrial fo...
Under the substituted reassessment regime effective from 1 April 2021, issuance of a notice under section 148 and an order under section 148A(d) required prior approval from the specified authority in section 151. Where more than three years had elapsed from the end of the relevant assessment year, approval had to come from the higher authority identified in section 151(ii); approval by a Principal Commissioner was insufficient. The proviso allowing exclusion of time spent under section 148A(b), inserted by the Finance Act 2023, was treated as prospective. On that basis, the reopening was held invalid.
Under the substituted reassessment regime effective from 1 April 2021, issuance of a notice under section 148 and an order under section 148A(d) required prior approval from the specified authority in section 151. Where more than three years had elapsed from the end of the relevant assessment year, approval had to come from the higher authority identified in section 151(ii); approval by a Principal Commissioner was insufficient. The proviso allowing exclusion of time spent under section 148A(b), inserted by the Finance Act 2023, was treated as prospective. On that basis, the reopening was held invalid.
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