Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
The ITAT rectified its earlier appellate order under the mistake apparent from record doctrine by correcting the recorded basis for relief on corporate guarantee fee and MEIS export incentives. For the corporate guarantee issue, the correction clarified that non-interference rested on earlier-year acceptance by the TPO/AO at arm's length and absence of any change in facts, rather than on coordinate Bench rulings. For MEIS incentives, the order was amended to reflect reliance on Chennai, Delhi and Mumbai ITAT decisions and the Commissioner (Appeals)'s earlier-year orders. The miscellaneous application was allowed, and the substantive outcome remained unchanged.
The ITAT rectified its earlier appellate order under the mistake apparent from record doctrine by correcting the recorded basis for relief on corporate guarantee fee and MEIS export incentives. For the corporate guarantee issue, the correction clarified that non-interference rested on earlier-year acceptance by the TPO/AO at arm's length and absence of any change in facts, rather than on coordinate Bench rulings. For MEIS incentives, the order was amended to reflect reliance on Chennai, Delhi and Mumbai ITAT decisions and the Commissioner (Appeals)'s earlier-year orders. The miscellaneous application was allowed, and the substantive outcome remained unchanged.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
