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...
Interest and penalty for delayed payment of CGST and SGST were made subject to verification of the taxpayer's claim that tax dues had already been discharged through adjustment of input tax credit within the permissible period. The High Court directed the competent authority to examine that claim and determine whether any interest or penalty remained payable. The taxpayer may submit a representation for expeditious decision, and recovery under the challenged order and notice remains stayed until the representation is disposed of.
Interest and penalty for delayed payment of CGST and SGST were made subject to verification of the taxpayer's claim that tax dues had already been discharged through adjustment of input tax credit within the permissible period. The High Court directed the competent authority to examine that claim and determine whether any interest or penalty remained payable. The taxpayer may submit a representation for expeditious decision, and recovery under the challenged order and notice remains stayed until the representation is disposed of.
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