Indirect corporate control can create related-party status, excluding financial creditors from Committee of Creditors representation, participation an...
Scientific research association approval requires continuing SIRO status, annual donation reporting, and donor certificates for the approved foundatio...
Scientific research institution approval is conditional on SIRO recognition, annual donation reporting, donor certification, and prescribed compliance...
A draft assessment order cannot support a tax demand or penalty proceedings because a demand requires a final assessment determining the sum payable. Where an order's heading, operative language, proposed disallowance, objection mechanism and express non-issuance of demand consistently identify it as a draft, it cannot be treated as final merely as an uploading error. The statutory curative provision does not validate this substantive defect, particularly where no corrective or final assessment order follows. Draft-assessment procedure is also unavailable where no variation in international transactions is proposed, leaving no competence to issue a draft order. The draft order and consequential demand and penalty notices were set aside.
A draft assessment order cannot support a tax demand or penalty proceedings because a demand requires a final assessment determining the sum payable. Where an order's heading, operative language, proposed disallowance, objection mechanism and express non-issuance of demand consistently identify it as a draft, it cannot be treated as final merely as an uploading error. The statutory curative provision does not validate this substantive defect, particularly where no corrective or final assessment order follows. Draft-assessment procedure is also unavailable where no variation in international transactions is proposed, leaving no competence to issue a draft order. The draft order and consequential demand and penalty notices were set aside.
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