Unverified Insight Portal Information Cannot Justify Reassessment Without a Verified Taxpayer-Specific Income-Escape Nexus or Demonstrated Application...
Assessing Officer jurisdiction after statutory transfer invalidates reassessment notices issued by transferor officers and nullifies resulting proceed...
Consequential appeal-effect orders must implement rectification deleting working-capital adjustments and reconsider the resulting arm's-length range c...
Discounted cash flow valuation protects share premium where projections are reasonable, while audited book expenses defeat unexplained-expenditure add...
Section 54 construction relief survives pre-transfer commencement when completion occurs within the statutory period, excluding ineligible spouse-owne...
Import-policy amendments requiring an importer warehousing newsprint to be an RNI-registered Actual User operate prospectively from 3 June 2016 and do not invalidate earlier imports. Where the applicable customs exemption contains no RNI-registration or Actual User requirement, non-registration alone does not defeat the exemption. Customs should not independently characterise imports as contrary to the Foreign Trade Policy without a DGFT reference on the disputed policy interpretation. Confiscation and penalties for alleged clearance to dummy units require the Department first to establish foundational evidence of illicit import, improper clearance, or culpable conduct; rebutted procedural allegations and missing relied-upon material cannot support those consequences.
Import-policy amendments requiring an importer warehousing newsprint to be an RNI-registered Actual User operate prospectively from 3 June 2016 and do not invalidate earlier imports. Where the applicable customs exemption contains no RNI-registration or Actual User requirement, non-registration alone does not defeat the exemption. Customs should not independently characterise imports as contrary to the Foreign Trade Policy without a DGFT reference on the disputed policy interpretation. Confiscation and penalties for alleged clearance to dummy units require the Department first to establish foundational evidence of illicit import, improper clearance, or culpable conduct; rebutted procedural allegations and missing relied-upon material cannot support those consequences.
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TaxTMI 
TaxTMI 
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