Faceless assessment and registration procedures are updated through electronic communication, revised recovery rules, extended deadlines, and replacem...
Risk-based selective vessel boarding requires accurate declarations and preserves master and agent liability where physical inspections are not select...
Permanent-establishment reassessment cannot revisit scrutinised disclosures; extended reopening fails without undisclosed material facts and within st...
The High Court addressed the issue of extending stay beyond 365 days by ITAT under the third proviso to Section 254(2A) with the 2008 Finance Act amendment. The amendment allowed for extension even if delay isn't the assessee's fault. The Delhi High Court initially invalidated the provision, but the Supreme Court upheld it in the Pepsi Foods Ltd. case. The High Court found the matter settled by the Supreme Court's ruling, upholding the tribunal's decision and dismissing the appeal.
The High Court addressed the issue of extending stay beyond 365 days by ITAT under the third proviso to Section 254(2A) with the 2008 Finance Act amendment. The amendment allowed for extension even if delay isn't the assessee's fault. The Delhi High Court initially invalidated the provision, but the Supreme Court upheld it in the Pepsi Foods Ltd. case. The High Court found the matter settled by the Supreme Court's ruling, upholding the tribunal's decision and dismissing the appeal.
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TaxTMI 
TaxTMI 
