Natural justice in insolvency-professional discipline requires disclosed material; notices based on extraneous material and ignored defences are vitia...
Development rights transfers treated as immovable property, while construction abatement applies and repeated non-payment permits extended service-tax...
Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
Determination turns on whether electronic debit or challan generation marks the payment date for advance tax. The tribunal found that an electronic netbanking debit reflected in the taxpayer's bank statement on the statutory due date constitutes payment; delay in generation/credit of the challan due to bank/technical processes is beyond the taxpayer's control. The presumption that payment was timely stands unless Revenue proves otherwise. Consequently, interest under advancetax delay provisions was not leviable and the relief was granted to the taxpayer.
Determination turns on whether electronic debit or challan generation marks the payment date for advance tax. The tribunal found that an electronic netbanking debit reflected in the taxpayer's bank statement on the statutory due date constitutes payment; delay in generation/credit of the challan due to bank/technical processes is beyond the taxpayer's control. The presumption that payment was timely stands unless Revenue proves otherwise. Consequently, interest under advancetax delay provisions was not leviable and the relief was granted to the taxpayer.
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