Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The revised compounding guidelines for tax offenses provide significant procedural updates regarding application eligibility and processing. Applications pending as of October 17, 2024 will be processed under the new guidelines without requiring fresh submissions or fees. The limitation period for applications has been eliminated, allowing previously rejected applications to be refiled as subsequent applications. Co-accused may apply separately or jointly, with no separate fees required. Payment extensions up to 24 months are permitted. Compounding charges are determined by application sequence and offense type, with subsequent applications for the same offense incurring higher rates (1.2x, 1.4x, etc.). Applications filed more than 12 months after prosecution launch face a 50% surcharge. The guidelines also address cases involving convicted persons and those under investigation by other agencies.
The revised compounding guidelines for tax offenses provide significant procedural updates regarding application eligibility and processing. Applications pending as of October 17, 2024 will be processed under the new guidelines without requiring fresh submissions or fees. The limitation period for applications has been eliminated, allowing previously rejected applications to be refiled as subsequent applications. Co-accused may apply separately or jointly, with no separate fees required. Payment extensions up to 24 months are permitted. Compounding charges are determined by application sequence and offense type, with subsequent applications for the same offense incurring higher rates (1.2x, 1.4x, etc.). Applications filed more than 12 months after prosecution launch face a 50% surcharge. The guidelines also address cases involving convicted persons and those under investigation by other agencies.
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