Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Incorrect entry of the purchaser's PAN in the seller's PAN field of Form 26QB can cause TDS credit to appear in the purchaser's Form 26AS. Where tax was deducted and deposited, correction of a bona fide clerical PAN error requires factual verification, including confirmation that no other person has claimed the corresponding credit, followed by manual rectification and consequential credit. The text also addresses reassessment initiated on an incorrect factual premise: treating a property purchase as a sale undermines the basis for the reassessment notice.
Incorrect entry of the purchaser's PAN in the seller's PAN field of Form 26QB can cause TDS credit to appear in the purchaser's Form 26AS. Where tax was deducted and deposited, correction of a bona fide clerical PAN error requires factual verification, including confirmation that no other person has claimed the corresponding credit, followed by manual rectification and consequential credit. The text also addresses reassessment initiated on an incorrect factual premise: treating a property purchase as a sale undermines the basis for the reassessment notice.
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