Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
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SC addressed the validity of reassessment notices where the decisive question was whether the matters related to Assessment Year 2015-16. It recorded the Revenue's concession that, for that year, reassessment notices would be time-barred in light of Rajeev Bansal; if a case falls in that year, the notices must be struck down without further adjudication. If the matters relate to any other assessment year, the assessees may raise all contentions available under the earlier order, and the High Courts must decide the cases accordingly. The impugned judgments were set aside and the matters remitted for fresh determination on that threshold issue first.
SC addressed the validity of reassessment notices where the decisive question was whether the matters related to Assessment Year 2015-16. It recorded the Revenue's concession that, for that year, reassessment notices would be time-barred in light of Rajeev Bansal; if a case falls in that year, the notices must be struck down without further adjudication. If the matters relate to any other assessment year, the assessees may raise all contentions available under the earlier order, and the High Courts must decide the cases accordingly. The impugned judgments were set aside and the matters remitted for fresh determination on that threshold issue first.
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