Arrest safeguards and transit remand requirements invalidated detention following inter-State transfer without communicated grounds or magistrate auth...
Arrest safeguards require disclosed grounds, relative intimation and transit remand, while duplicate prosecution under the CGST framework is unsustain...
Document Identification Number defects can invalidate GST assessments, with delayed challenges entertained conditionally where patent irregularities e...
Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Section 115BAC permits a person with business or professional income to continue under the new tax regime in subsequent assessment years once the option has been validly exercised in the prescribed manner, unless it is withdrawn under the statutory proviso. The text explains that a valid Form 10-IE filed for an earlier assessment year sustains the option, and an inadvertent error in a later return stating an incorrect first year of exercise should not negate that continuing entitlement. It notes that tax computation for the relevant year should therefore follow the new regime where no withdrawal has occurred.
Section 115BAC permits a person with business or professional income to continue under the new tax regime in subsequent assessment years once the option has been validly exercised in the prescribed manner, unless it is withdrawn under the statutory proviso. The text explains that a valid Form 10-IE filed for an earlier assessment year sustains the option, and an inadvertent error in a later return stating an incorrect first year of exercise should not negate that continuing entitlement. It notes that tax computation for the relevant year should therefore follow the new regime where no withdrawal has occurred.
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