Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Assessment u/s 153C/153A - Computation of the Relevant Assessment Years Block - Jurisdiction for Reopening Assessments - The Delhi High Court meticulously analyzed the legal and procedural framework governing the reassessment process following search operations. It provided clarity on the computation of the relevant block of years for assessment, the jurisdictional reach of the Income Tax authorities in light of the 2017 amendments, and the procedural safeguards intended to ensure fairness in the reassessment process. The judgments underscore the necessity for a precise satisfaction note and uphold the legislative amendments aimed at capturing undisclosed income extending beyond the standard six-year limitation period, subject to meeting specific criteria outlined in the statute.
Assessment u/s 153C/153A - Computation of the Relevant Assessment Years Block - Jurisdiction for Reopening Assessments - The Delhi High Court meticulously analyzed the legal and procedural framework governing the reassessment process following search operations. It provided clarity on the computation of the relevant block of years for assessment, the jurisdictional reach of the Income Tax authorities in light of the 2017 amendments, and the procedural safeguards intended to ensure fairness in the reassessment process. The judgments underscore the necessity for a precise satisfaction note and uphold the legislative amendments aimed at capturing undisclosed income extending beyond the standard six-year limitation period, subject to meeting specific criteria outlined in the statute.
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