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...
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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