Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Institutional incapacity caused by the absence of quorum in...
Institutional incapacity in customs settlement proceedings excludes non-functional quorum periods from statutory disposal timelines, preventing automatic abatement.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Institutional incapacity caused by the absence of quorum in customs settlement proceedings warrants exclusion of the non-functional period when calculating the statutory disposal timeline. The discussion explains that abatement for failure to pass a settlement order presupposes a duly constituted forum capable of acting and should not apply where the applicant has completed required steps but the Interim Board cannot legally decide the matter. On that basis, the period of incapacity is excluded, abatement communications are set aside, and the reconstituted Board must resume and expeditiously determine pending applications without addressing their merits.
Institutional incapacity caused by the absence of quorum in customs settlement proceedings warrants exclusion of the non-functional period when calculating the statutory disposal timeline. The discussion explains that abatement for failure to pass a settlement order presupposes a duly constituted forum capable of acting and should not apply where the applicant has completed required steps but the Interim Board cannot legally decide the matter. On that basis, the period of incapacity is excluded, abatement communications are set aside, and the reconstituted Board must resume and expeditiously determine pending applications without addressing their merits.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
