Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
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...
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Reassessment of an infrastructure deduction claim under section 80-IA was considered invalid on three grounds. Eligibility could not be denied by treating an Indian-registered undertaking as foreign-owned merely because its shares were held by a foreign parent; the recorded reasons also failed to consider development of crane facilities and earlier treatment of the container-terminal business. Reopening after scrutiny on the basis of disclosed and previously examined material amounted to a change of opinion, absent new tangible material. Reassessment founded solely on a revenue audit objection was also treated as legally unsustainable. The reassessment notice, order rejecting objections, and consequential draft assessment proceedings were quashed.
Reassessment of an infrastructure deduction claim under section 80-IA was considered invalid on three grounds. Eligibility could not be denied by treating an Indian-registered undertaking as foreign-owned merely because its shares were held by a foreign parent; the recorded reasons also failed to consider development of crane facilities and earlier treatment of the container-terminal business. Reopening after scrutiny on the basis of disclosed and previously examined material amounted to a change of opinion, absent new tangible material. Reassessment founded solely on a revenue audit objection was also treated as legally unsustainable. The reassessment notice, order rejecting objections, and consequential draft assessment proceedings were quashed.
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