Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
The Bill provides statutory recognition and enforceability for...
Digital Trade Facilitation Bill recognising electronic trade documents and enabling cross border trust services with legal validity and provider obligations
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
The Bill provides statutory recognition and enforceability for electronic trade documents, requiring that such documents contain the information of corresponding paper instruments and be secured by a "reliable method" that establishes identity, control, integrity and an audit trail; compliance confers the same legal effects as paper possession and transfer. It establishes legal validity and admissibility for electronic identification, identity management and trust services, prescribes provider obligations and subscriber duties, and creates presumptions of reliability for notified methods. The Bill enables cross border recognition where foreign methods offer equivalent or substantially equivalent assurance and amends existing laws to include electronic forms.
The Bill provides statutory recognition and enforceability for electronic trade documents, requiring that such documents contain the information of corresponding paper instruments and be secured by a "reliable method" that establishes identity, control, integrity and an audit trail; compliance confers the same legal effects as paper possession and transfer. It establishes legal validity and admissibility for electronic identification, identity management and trust services, prescribes provider obligations and subscriber duties, and creates presumptions of reliability for notified methods. The Bill enables cross border recognition where foreign methods offer equivalent or substantially equivalent assurance and amends existing laws to include electronic forms.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
