Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Page of 4817
Press 'Enter' after typing page number.
1201 to 1220 of 96333 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The amended reassessment regime requires exclusion of the period covered by deemed Section 148A proceedings, including the time taken to supply information and the assessee's response period, when computing limitation. Applying Ashish Agarwal, Rajeev Bansal and the limitation-extension principles recognised in TOLA/Cognizance, the Court treated the earlier notice as a deemed Section 148A(b) notice and found the Section 148A(d) order and consequential Section 148 notice issued on 30.07.2022 to be within time. On sanction, Section 151 as amended from 01.04.2021 permits approval by any authority named in clause (ii) after three years from the end of the assessment year, so approval by the Director General was sufficient.
The amended reassessment regime requires exclusion of the period covered by deemed Section 148A proceedings, including the time taken to supply information and the assessee's response period, when computing limitation. Applying Ashish Agarwal, Rajeev Bansal and the limitation-extension principles recognised in TOLA/Cognizance, the Court treated the earlier notice as a deemed Section 148A(b) notice and found the Section 148A(d) order and consequential Section 148 notice issued on 30.07.2022 to be within time. On sanction, Section 151 as amended from 01.04.2021 permits approval by any authority named in clause (ii) after three years from the end of the assessment year, so approval by the Director General was sufficient.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
