Condonation of Delay: directoral disputes and pending company proceedings can constitute reasonable cause, allowing a belated return to be treated as ...
Revisionary jurisdiction under section 263 upheld; faceless assessments subject to revision when AO fails requisite enquiries, remitted for fresh asse...
Limited scope of processing under section 143(1): enhancement without show cause is unsustainable; remand for residency, taxation and TDS verification...
Where a declarant furnished details under the Voluntary Compliance Encouragement Scheme (VCES) and received an acknowledgement of discharge, the scheme grants immunity from penalty, interest and further proceedings in respect of the declared tax dues; consequently, any subsequent notice or recovery proceeding that seeks to assess or recover an identical liability or that overlaps even slightly with dues already discharged under VCES is barred. Applying the conclusive effect of the VCES acknowledgement, the impugned demand was set aside insofar as it sought recovery of tax already verified and settled under the scheme, entitling the declarant to consequential relief.
Where a declarant furnished details under the Voluntary Compliance Encouragement Scheme (VCES) and received an acknowledgement of discharge, the scheme grants immunity from penalty, interest and further proceedings in respect of the declared tax dues; consequently, any subsequent notice or recovery proceeding that seeks to assess or recover an identical liability or that overlaps even slightly with dues already discharged under VCES is barred. Applying the conclusive effect of the VCES acknowledgement, the impugned demand was set aside insofar as it sought recovery of tax already verified and settled under the scheme, entitling the declarant to consequential relief.
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