Separate speaking orders on reopening objections are mandatory; deciding them within reassessment invalidates jurisdiction and precludes revival of st...
Compulsorily convertible debentures remain debt before conversion, preventing transfer-pricing and interest-deduction disallowances on the stated fact...
Stock-in-trade transfer taxability follows possession and consideration, not later conveyance registration, limiting deemed-value provisions to the ac...
Subsequent policy circulars permit exporters supplying SEZ units under Advance Authorisation to furnish specified corroborative evidence when a Bill of Export cannot be produced for discharge of export obligation. Where those circulars apply, the competent authority must first assess whether the alternative documents meet their stipulated conditions; the Bill of Export is not necessarily the sole acceptable proof. The claim requires fresh consideration under the applicable circulars, with the adequacy of the evidence and all other merits remaining open.
Subsequent policy circulars permit exporters supplying SEZ units under Advance Authorisation to furnish specified corroborative evidence when a Bill of Export cannot be produced for discharge of export obligation. Where those circulars apply, the competent authority must first assess whether the alternative documents meet their stipulated conditions; the Bill of Export is not necessarily the sole acceptable proof. The claim requires fresh consideration under the applicable circulars, with the adequacy of the evidence and all other merits remaining open.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4897 
