Market value for captive electricity consumption follows industrial consumer tariffs, supporting profit computation for the power generation deduction...
Provisional release of seized imports requires enhanced duty payment, bank guarantee and disclosures while customs adjudication proceeds independently...
Validity of final assessment order u/s 144B - petitioner request for adjournment was ignored - The High court remanded the matter back to the Assessing Officer to decide afresh from the stage of the draft assessment order - This decision is made in light of a precedent that emphasizes the right of an assessee to respond to a draft assessment order and the expectation of a lenient approach by the Income Tax Department, particularly during the challenging times of the Covid-19 pandemic.
Validity of final assessment order u/s 144B - petitioner request for adjournment was ignored - The High court remanded the matter back to the Assessing Officer to decide afresh from the stage of the draft assessment order - This decision is made in light of a precedent that emphasizes the right of an assessee to respond to a draft assessment order and the expectation of a lenient approach by the Income Tax Department, particularly during the challenging times of the Covid-19 pandemic.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
