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...
Self-assessed GST liability is discharged only when amounts credited to the Electronic Cash Ledger are debited and appropriated towards the relevant liability through the return. Mere deposit in the ledger before the return due date does not constitute payment or prevent interest under Section 50(1); interest accrues until actual debit, notwithstanding unsubstantiated technical difficulties. Recovery of the resulting interest after issuance of notice and consideration of objections does not breach principles of natural justice. The challenge to the interest demand and recovery proceedings was dismissed.
Self-assessed GST liability is discharged only when amounts credited to the Electronic Cash Ledger are debited and appropriated towards the relevant liability through the return. Mere deposit in the ledger before the return due date does not constitute payment or prevent interest under Section 50(1); interest accrues until actual debit, notwithstanding unsubstantiated technical difficulties. Recovery of the resulting interest after issuance of notice and consideration of objections does not breach principles of natural justice. The challenge to the interest demand and recovery proceedings was dismissed.
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TaxTMI 
TaxTMI 
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