Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
Eligibility for settlement under DTVSV Act - Delay in filing appeal - Pending appeal before ITAT - Specified date under DTVSV Act - The High Court observed that Section 2 (1) (a) (ii) of the DTVSV Act includes cases where the time limit for filing an appeal had not expired on the specified date, making the assessee eligible for settlement benefits. - The DTVSV Act is aimed at resolving tax disputes and ensuring timely revenue collection. The specified date is 31.01.2020. The legislative intent, as evident from the Finance Minister’s speech and the Statement of Objects and Reasons, was to bring finality to tax disputes and reduce litigation. Thus, the interpretation of the DTVSV Act should be liberal and purposive, extending its benefits to eligible taxpayers. - The Delhi High Court ruled in favor of the assessee, allowing the application under the DTVSV Act.
Eligibility for settlement under DTVSV Act - Delay in filing appeal - Pending appeal before ITAT - Specified date under DTVSV Act - The High Court observed that Section 2 (1) (a) (ii) of the DTVSV Act includes cases where the time limit for filing an appeal had not expired on the specified date, making the assessee eligible for settlement benefits. - The DTVSV Act is aimed at resolving tax disputes and ensuring timely revenue collection. The specified date is 31.01.2020. The legislative intent, as evident from the Finance Minister’s speech and the Statement of Objects and Reasons, was to bring finality to tax disputes and reduce litigation. Thus, the interpretation of the DTVSV Act should be liberal and purposive, extending its benefits to eligible taxpayers. - The Delhi High Court ruled in favor of the assessee, allowing the application under the DTVSV Act.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
