Transitional tax credit for eligible dealers survives incorrect form entries, while previously available eligibility objections cannot be raised on ap...
The substituted seven-year limitation under section 201(3) does not revive an expired period for passing a TDS default order where quarterly TDS statements were filed. Under the former provision, the limit was two years from the end of the financial year in which the statements were filed. An accrued right to plead limitation remains unaffected because the substituted provision contains no express words or necessary implication reviving an expired period. A default order passed after the applicable period is time-barred and without jurisdiction. Consequential interest under section 201(1A) cannot survive when the default order is quashed.
The substituted seven-year limitation under section 201(3) does not revive an expired period for passing a TDS default order where quarterly TDS statements were filed. Under the former provision, the limit was two years from the end of the financial year in which the statements were filed. An accrued right to plead limitation remains unaffected because the substituted provision contains no express words or necessary implication reviving an expired period. A default order passed after the applicable period is time-barred and without jurisdiction. Consequential interest under section 201(1A) cannot survive when the default order is quashed.
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