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...
Embezzlement losses in charitable institutions remain allowable when misappropriation is established, irrecoverable, and not a specified-person benefi...
National long-distance undertaking status supports deduction where separately licensed infrastructure, resources, revenue, and expenditure establish c...
Agency reimbursement income follows contractual deposit-liability computation, while pending deposit collections do not constitute deemed-dividend loa...
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Revised Form-3 certificates correcting computational errors cannot impose a payment deadline that expired before the revised certificate was issued, because this would require impossible performance. Payment of the revised quantified amount and intimation on the day after issuance complied with the requirement to pay within 15 days of receiving the certificate. The demand notice and interest order were set aside, and the declarant became entitled to statutory acknowledgment of payment and issuance of Form-5 for closure under the Direct Tax Vivad se Vishwas Scheme.
Revised Form-3 certificates correcting computational errors cannot impose a payment deadline that expired before the revised certificate was issued, because this would require impossible performance. Payment of the revised quantified amount and intimation on the day after issuance complied with the requirement to pay within 15 days of receiving the certificate. The demand notice and interest order were set aside, and the declarant became entitled to statutory acknowledgment of payment and issuance of Form-5 for closure under the Direct Tax Vivad se Vishwas Scheme.
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