Form 26AS evidence requires successor-entity accounting verification after business transfer, while invoice-supported related-party advertising expend...
Money-laundering judgment timing requires awaiting the scheduled-offence decision despite continuation of the underlying trial where outcomes directly...
Accredited investor eligibility expands through securities-market exposure, while alternative investment fund disputes require prescribed resolution a...
HC held that under Direct Tax Dispute Resolution Scheme, Section 204(3) renders orders conclusive and prohibits reopening matters. Once immunity is granted against penalty proceedings, the specific statutory provision (Section 271AAB or 271AB) becomes immaterial. The revision proceedings initiated based on audit objections to impose penalty under alternative statutory provision were unsustainable. The revenue's appeal was consequently dismissed, affirming the Tribunal's quashing of the revisional order and upholding the scheme's immunity provisions.
HC held that under Direct Tax Dispute Resolution Scheme, Section 204(3) renders orders conclusive and prohibits reopening matters. Once immunity is granted against penalty proceedings, the specific statutory provision (Section 271AAB or 271AB) becomes immaterial. The revision proceedings initiated based on audit objections to impose penalty under alternative statutory provision were unsustainable. The revenue's appeal was consequently dismissed, affirming the Tribunal's quashing of the revisional order and upholding the scheme's immunity provisions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
