Blocked input tax credit for resort construction remains unavailable; interest follows actual utilisation, while delayed payment attracts statutory pe...
Duplicate PAN allocation requires record verification and deactivation reasons before assessment-related transactions can be attributed to an assessee...
Faceless assessment safeguards require requested personal hearings and adequate final show-cause response time, failing which reassessment is required...
Statutory pre-deposit for a Tribunal appeal must be assessed against the disputed tax remaining after the first appellate authority reduces the tax demand. The deposit made at the first appellate stage represents a prescribed portion of the dispute, not payment of a separate liability. No further pre-deposit under section 112(8) is required where the amount already deposited equals or exceeds the aggregate prescribed percentage of the surviving disputed tax. Requiring an additional deposit in those circumstances would mechanically duplicate the pre-deposit obligation and produce an anomalous, unworkable result.
Statutory pre-deposit for a Tribunal appeal must be assessed against the disputed tax remaining after the first appellate authority reduces the tax demand. The deposit made at the first appellate stage represents a prescribed portion of the dispute, not payment of a separate liability. No further pre-deposit under section 112(8) is required where the amount already deposited equals or exceeds the aggregate prescribed percentage of the surviving disputed tax. Requiring an additional deposit in those circumstances would mechanically duplicate the pre-deposit obligation and produce an anomalous, unworkable result.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
