India-UK treaty characterisation of telecom-service receipts as business profits withstands unilateral domestic-law amendments for Indian tax purposes...
Transfer-pricing reimbursement adjustments require uncontrolled comparables and cannot become expense-genuineness reviews, resulting in deletion of th...
Food import sampling requirements support provisional release where unseized consignments conform to standards and raw areca classification is unestab...
The High Court quashed the assessment order passed u/s 147 read with Sections 144 and 144B, as well as the consequential notices u/ss 156 and 274 read with 271AA(1) of the Income Tax Act. The court held that the petitioner had complied with the requirements of the Income Declaration Scheme, 2016 (IDS) by making a declaration and depositing the appropriate tax amount. Consequently, the petitioner was entitled to the benefits under the IDS. The court directed the respondents to issue an appropriate certificate of tax deposit under the IDS to the petitioner within four weeks.
The High Court quashed the assessment order passed u/s 147 read with Sections 144 and 144B, as well as the consequential notices u/ss 156 and 274 read with 271AA(1) of the Income Tax Act. The court held that the petitioner had complied with the requirements of the Income Declaration Scheme, 2016 (IDS) by making a declaration and depositing the appropriate tax amount. Consequently, the petitioner was entitled to the benefits under the IDS. The court directed the respondents to issue an appropriate certificate of tax deposit under the IDS to the petitioner within four weeks.
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TaxTMI 
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