Centralised assessment transfers after searches coordinate connected investigations without finally determining the assessee's tax liability or assess...
Unsigned third-party records cannot establish on-money payments without corroboration and cross-examination, requiring deletion of the related additio...
Retrospective withdrawal of net SGST reimbursement under IPR 2015 was invalidated as arbitrary, discriminatory and unconstitutional insofar as it affected projects that had invested and commenced production in reliance on the scheme. A policy-review power permitted prospective modification but did not support retrospective deprivation without material showing overriding public interest. Failure to issue or communicate a timely rejection after inspection and verification triggered deemed approval of provisional Priority Sector status; that approval remained subject to reimbursement conditions and quantification. The Negative List did not exclude clinker-based cement manufacture where the specified exception, investment threshold and verification supported eligibility. Net SGST reimbursement must therefore be determined and released under IPR 2015, subject to applicable conditions.
Retrospective withdrawal of net SGST reimbursement under IPR 2015 was invalidated as arbitrary, discriminatory and unconstitutional insofar as it affected projects that had invested and commenced production in reliance on the scheme. A policy-review power permitted prospective modification but did not support retrospective deprivation without material showing overriding public interest. Failure to issue or communicate a timely rejection after inspection and verification triggered deemed approval of provisional Priority Sector status; that approval remained subject to reimbursement conditions and quantification. The Negative List did not exclude clinker-based cement manufacture where the specified exception, investment threshold and verification supported eligibility. Net SGST reimbursement must therefore be determined and released under IPR 2015, subject to applicable conditions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4936 
