Human-probability test defeats political donation deductions where banking records mask accommodation-entry fund layering rather than genuine contribu...
Electronic evidence and search statements in tax assessments require authenticity review and corroboration, while procedural manuals lack statutory fo...
Tariff rate quota authorisations govern preferential imports of specified New Zealand goods through export certification and electronic customs debiti...
Electronic Continuity Bond Registration replaces manual container permissions, with quarterly reporting and re-export monitoring for duty-free contain...
The Direct Tax Vivad se Vishwas Scheme, 2024 (DTVSV Scheme) provides for resolution of pending income tax litigation. Key clarifications are: Appeals pending as on 22.07.2024, even if subsequently disposed, are eligible. Cases with prosecution instituted before declaration filing are ineligible. Set-aside appeals to ITAT/CIT(A)/DRP are eligible. Credit for taxes paid against disputed demands is available. For deductees availing the scheme, deductors are relieved from liability except interest and can claim expense deduction. The scheme applies to the full dispute, not partial issues. The designated authority can rectify patent errors. Foreign entities can file through representative assessees. Secondary adjustment u/s 92CE applies for transfer pricing cases after settling primary adjustments.
The Direct Tax Vivad se Vishwas Scheme, 2024 (DTVSV Scheme) provides for resolution of pending income tax litigation. Key clarifications are: Appeals pending as on 22.07.2024, even if subsequently disposed, are eligible. Cases with prosecution instituted before declaration filing are ineligible. Set-aside appeals to ITAT/CIT(A)/DRP are eligible. Credit for taxes paid against disputed demands is available. For deductees availing the scheme, deductors are relieved from liability except interest and can claim expense deduction. The scheme applies to the full dispute, not partial issues. The designated authority can rectify patent errors. Foreign entities can file through representative assessees. Secondary adjustment u/s 92CE applies for transfer pricing cases after settling primary adjustments.
Note: It is a system-generated summary and is for quick reference only.
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