Timing mismatch in income recognition requires verification whether receipts were already taxed in an earlier year; matter remitted for fresh examinat...
FOB transaction value and export incentives: customs valuation cannot override contractual export benefits or support confiscation without valid proof...
The piece addresses the mandatory nature of a signature on reopening notices, explaining that the statutory use of "shall" requires signing even for electronic communications and that a deeming/authentication clause does not negate this obligation; consequently an unsigned notice is invalid and void ab initio. The legal effect is that an invalid notice cannot confer jurisdiction on the assessing officer to invoke reassessment under the reopening provisions, rendering any reassessment and downstream proceedings a nullity. The conclusion emphasises compliance with signature formalities as determinative of jurisdictional validity.
The piece addresses the mandatory nature of a signature on reopening notices, explaining that the statutory use of "shall" requires signing even for electronic communications and that a deeming/authentication clause does not negate this obligation; consequently an unsigned notice is invalid and void ab initio. The legal effect is that an invalid notice cannot confer jurisdiction on the assessing officer to invoke reassessment under the reopening provisions, rendering any reassessment and downstream proceedings a nullity. The conclusion emphasises compliance with signature formalities as determinative of jurisdictional validity.
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