Tax-audit exemption for substantially State-funded educational universities prevents audit-failure penalties where income qualifies for statutory exem...
Functional, asset and risk analysis excludes diversified technology companies from captive software development comparables under cost-plus arrangemen...
Mobile-phone electronic evidence failed to establish customs undervaluation, while duty survived on non-authentic origin certificates without importer...
Automotive radio classification treats integrated infotainment features as supplementary, placing complete and qualifying unassembled units under the ...
Separate corporate personality prevents directors from being personally liable for company deposits without a guarantee or independent legal undertaki...
Revised Form-3 certificates correcting computational errors cannot impose a payment deadline that expired before the revised certificate was issued, because this would require impossible performance. Payment of the revised quantified amount and intimation on the day after issuance complied with the requirement to pay within 15 days of receiving the certificate. The demand notice and interest order were set aside, and the declarant became entitled to statutory acknowledgment of payment and issuance of Form-5 for closure under the Direct Tax Vivad se Vishwas Scheme.
Revised Form-3 certificates correcting computational errors cannot impose a payment deadline that expired before the revised certificate was issued, because this would require impossible performance. Payment of the revised quantified amount and intimation on the day after issuance complied with the requirement to pay within 15 days of receiving the certificate. The demand notice and interest order were set aside, and the declarant became entitled to statutory acknowledgment of payment and issuance of Form-5 for closure under the Direct Tax Vivad se Vishwas Scheme.
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TaxTMI 
TaxTMI 
of 4912 
