Opportunity to respond to jurisdictional reports is mandatory before customs settlement duty enhancement; connected applications require consistent ad...
Specific customs headings for scaffolding components prevail over general classification, invalidating misclassification proceedings and enabling with...
Liquidator appointment under Section 34 requires consideration of creditor recommendations, valid professional authorisation, and preservation of vali...
Income-tax exemption for specified regulatory fees and government grants applies subject to non-commercial activity and continuing compliance conditio...
Digital accessibility audit and remediation deadlines extended, while all other disability-compliance obligations for regulated entities remain unchan...
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The High Court quashed the rectification notice, rectification order, and notice of demand issued u/s 154 of the Income Tax Act, holding that the order of determination made by the Designated Authority under the DTVSV Act attained finality and could not be reopened or revised by any authority under the Income Tax Act. The court observed that the determination made under the DTVSV Act is rendered final, except where the application is found to suffer from an incorrect declaration or suppression of material facts. The action u/s 154 did not fall within the ambit of the exception provided in Section 4(6) of the DTVSV Act. The court emphasized the legislative intent of the DTVSV Act to accord closure to tax disputes and the finality attached to the determination made thereunder.
The High Court quashed the rectification notice, rectification order, and notice of demand issued u/s 154 of the Income Tax Act, holding that the order of determination made by the Designated Authority under the DTVSV Act attained finality and could not be reopened or revised by any authority under the Income Tax Act. The court observed that the determination made under the DTVSV Act is rendered final, except where the application is found to suffer from an incorrect declaration or suppression of material facts. The action u/s 154 did not fall within the ambit of the exception provided in Section 4(6) of the DTVSV Act. The court emphasized the legislative intent of the DTVSV Act to accord closure to tax disputes and the finality attached to the determination made thereunder.
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