Third-party search material requires special assessment route, rendering general reassessment notices without jurisdiction when it forms the proceedin...
Transfer-pricing adjustments must be confined to international associated-enterprise transactions, while functionally dissimilar comparables remain ex...
Insolvency moratorium bars income-tax revision proceedings against corporate debtors until the moratorium ends, preserving merits for later determinat...
Compounding charges under the 2024 Guidelines must be calculated by reference to actual service of the prosecution complaint where charge enhancement depends on application timing. The requirement that a complaint be served within 15 days supports a fair and prompt opportunity to seek compounding, including for pending applications. Accordingly, the 12-month period for the enhanced rate runs from service on the accused, not the complaint's filing date. Applications filed within 12 months of service attract the normal rate, without the 50% enhancement; charges must be recomputed accordingly.
Compounding charges under the 2024 Guidelines must be calculated by reference to actual service of the prosecution complaint where charge enhancement depends on application timing. The requirement that a complaint be served within 15 days supports a fair and prompt opportunity to seek compounding, including for pending applications. Accordingly, the 12-month period for the enhanced rate runs from service on the accused, not the complaint's filing date. Applications filed within 12 months of service attract the normal rate, without the 50% enhancement; charges must be recomputed accordingly.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4883 
