Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Under the statutory scheme for draft assessments, filing objections before the Dispute Resolution Panel requires the Faceless Assessing Officer to keep assessment proceedings in abeyance until the Panel issues directions. A final assessment cannot be made after objections have been filed and the Transfer Pricing Officer has been informed, but before those objections are decided. The final assessment order and consequential demand notice were quashed, while the pending Dispute Resolution Panel proceedings remained unaffected and may be followed by further action in accordance with law.
Under the statutory scheme for draft assessments, filing objections before the Dispute Resolution Panel requires the Faceless Assessing Officer to keep assessment proceedings in abeyance until the Panel issues directions. A final assessment cannot be made after objections have been filed and the Transfer Pricing Officer has been informed, but before those objections are decided. The final assessment order and consequential demand notice were quashed, while the pending Dispute Resolution Panel proceedings remained unaffected and may be followed by further action in accordance with law.
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