Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
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Electronic issuance of a reassessment notice occurs when it is dispatched through the ITBA system, not when digitally signed or generated. A notice recorded as issued on 1 April 2021 was therefore governed by the amended reassessment regime and required compliance with the pre-notice procedure under section 148A; its non-compliance rendered the notice invalid and vitiated the consequential reassessment order. Independently, where reassessment is initiated beyond three years from the end of the relevant assessment year, sanction must come from the specified higher authority under section 151(ii). Approval by the Principal Commissioner was incompetent, providing a separate ground to quash the notice.
Electronic issuance of a reassessment notice occurs when it is dispatched through the ITBA system, not when digitally signed or generated. A notice recorded as issued on 1 April 2021 was therefore governed by the amended reassessment regime and required compliance with the pre-notice procedure under section 148A; its non-compliance rendered the notice invalid and vitiated the consequential reassessment order. Independently, where reassessment is initiated beyond three years from the end of the relevant assessment year, sanction must come from the specified higher authority under section 151(ii). Approval by the Principal Commissioner was incompetent, providing a separate ground to quash the notice.
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