Service of notice and contractual debt acknowledgment preserved insolvency admission against a corporate guarantor despite limitation and natural just...
Original works exemption excludes standalone boulder transportation, leaving subcontracted railway-project transport services subject to service tax l...
Annual production capacity determinations excluding stenter galleries support refunds for unconstitutional excise levies without an unjust-enrichment ...
Vicarious liability for cheque dishonour requires specific allegations of responsibility and cheque signatory; generic director allegations cannot sus...
IT Resilience Index requires market infrastructure institutions to automate resilience scoring, early warnings, and continuous service-delivery monito...
The High Court allowed the petition and directed that the certificate issued by the designated authority under the Direct Tax Vivad Se Vishwas Act, 2020 be confined to the declaration made by the assessee. The Court held that the assessee can confine the settlement of disputes to the issue regarding disallowance of loss claimed in respect of trading in derivatives, which was the subject matter of its appeal disposed of by the ITAT. The revenue's consolidated appeal against the ITAT order would not detract from the fact that the appeals pertained to separate issues not interlinked. The respondents were directed to take steps for issuing a modified certificate u/s 5(1) of the Act.
The High Court allowed the petition and directed that the certificate issued by the designated authority under the Direct Tax Vivad Se Vishwas Act, 2020 be confined to the declaration made by the assessee. The Court held that the assessee can confine the settlement of disputes to the issue regarding disallowance of loss claimed in respect of trading in derivatives, which was the subject matter of its appeal disposed of by the ITAT. The revenue's consolidated appeal against the ITAT order would not detract from the fact that the appeals pertained to separate issues not interlinked. The respondents were directed to take steps for issuing a modified certificate u/s 5(1) of the Act.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
