Credit-note turnover adjustments preserve inverted-duty refunds, while ministerial re-computation does not constitute an impermissible appellate reman...
Revisional jurisdiction over export quota premium deductions requires both error and Revenue prejudice; a permissible assessment view cannot be displa...
Consequential assessment orders giving effect to appellate directions that require verification and an opportunity to the assessee must be completed within the limitation period applicable under section 153(3), as extended by TOLA where relevant. Where the appellate order was received during FY 2019-20, the consequential order had to be made by 31 March 2022. An order issued after that date is time-barred and cannot support a demand notice. In the absence of a valid fresh assessment, the returned income must be accepted, and amounts deposited against the invalid demand are refundable with interest.
Consequential assessment orders giving effect to appellate directions that require verification and an opportunity to the assessee must be completed within the limitation period applicable under section 153(3), as extended by TOLA where relevant. Where the appellate order was received during FY 2019-20, the consequential order had to be made by 31 March 2022. An order issued after that date is time-barred and cannot support a demand notice. In the absence of a valid fresh assessment, the returned income must be accepted, and amounts deposited against the invalid demand are refundable with interest.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4888 
