Commitment proceedings gain extended timelines, structured defect refiling, and automatic resumption of inquiry after the adjusted completion period e...
Centralised assessment transfer becomes unwarranted once the searched person's assessment is complete, requiring restoration to the appropriate charge...
Co-operative deduction eligibility excludes refund and commercial-bank interest, while qualifying co-operative investments require entity-wise verific...
Enhanced tax rate on surrendered unexplained income applies prospectively, while cash-deposit telescoping requires verification of available surrender...
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The HC held that the petitioner, having subsequently filed requisite returns and paid assessed tax following issuance of best-judgment assessment orders under s.62(1) of the UPGST Act, benefited from the deeming fiction in s.62(2) so that further demands were required to be withdrawn. Creation of liens and freezing of the petitioner's bank accounts under s.79 more than a year after taxes were paid was held impermissible as applied in the circumstances and constituted an unduly harsh exercise of recovery powers; invocation of s.79 for recovery was therefore ultra vires as to these amounts. The petition was allowed and disposed of.
The HC held that the petitioner, having subsequently filed requisite returns and paid assessed tax following issuance of best-judgment assessment orders under s.62(1) of the UPGST Act, benefited from the deeming fiction in s.62(2) so that further demands were required to be withdrawn. Creation of liens and freezing of the petitioner's bank accounts under s.79 more than a year after taxes were paid was held impermissible as applied in the circumstances and constituted an unduly harsh exercise of recovery powers; invocation of s.79 for recovery was therefore ultra vires as to these amounts. The petition was allowed and disposed of.
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