Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Effective date of notification - The effective date of a notification under Section 25(4) of the Customs Act is determined not only by the date of publication in the official gazette but also by the date the notification is offered for sale. - A notification comes into force when it is issued, published in the Official Gazette, and offered for sale. All three events are necessary for the notification to be effective. - Tribunal considered that the notification (dated 17.9.2015) in question was offered for sale on 21.09.2015, and therefore, it came into effect from this date.
Effective date of notification - The effective date of a notification under Section 25(4) of the Customs Act is determined not only by the date of publication in the official gazette but also by the date the notification is offered for sale. - A notification comes into force when it is issued, published in the Official Gazette, and offered for sale. All three events are necessary for the notification to be effective. - Tribunal considered that the notification (dated 17.9.2015) in question was offered for sale on 21.09.2015, and therefore, it came into effect from this date.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
