Power bank definition limits the customs-duty exclusion, preserving concessional treatment for stationary, grid-scale and industrial battery storage s...
Packing-material input credits support inverted-duty refunds for packaged tea, while rate-reduction and concessional-supply circulars remain inapplica...
Following a search under section 132, assessment of search-related escaped income must proceed through the special reassessment mechanism under section 148 rather than the general scrutiny-assessment route under section 143(3). Consequently, a regular assessment made under section 143(3) for the relevant post-search assessment was treated as unsustainable in law and quashed, rendering the remaining grounds academic. The principle limits recourse to ordinary scrutiny assessment where the prescribed search-linked reassessment framework applies.
Following a search under section 132, assessment of search-related escaped income must proceed through the special reassessment mechanism under section 148 rather than the general scrutiny-assessment route under section 143(3). Consequently, a regular assessment made under section 143(3) for the relevant post-search assessment was treated as unsustainable in law and quashed, rendering the remaining grounds academic. The principle limits recourse to ordinary scrutiny assessment where the prescribed search-linked reassessment framework applies.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4910 
