Extended reassessment limitation in search cases requires asset-linked escaped income, invalidating additions based only on unexplained money or expen...
Enhanced tolerance band under section 43CA applies retrospectively, deleting qualifying deemed-sale additions while disputed stamp valuation requires ...
Customs transaction value rejection requires communicated reasonable doubt, while written reassessment acceptance preserves challenges to enhanced val...
Challenge-mechanism compliance clarifications permitted, while unilateral revised resolution plans may be refused under creditors' commercial discreti...
Section 171 requires suppliers of Rail Neer to pass GST rate-reduction benefits through commensurate reductions in transfer prices, even where maximum retail prices are railway-regulated and supplies are subsidised or complimentary. No exclusion applies to public-sector or governmental suppliers. Profiteering may be computed through a fair, case-specific comparison between pre-GST average base prices and post-GST transaction prices; no uniform formula or advance disclosure of the exact methodology is required where the supplier participated in the investigation. Investigation duration depends on circumstances rather than a one-year limit. Interest applies only prospectively from the interest provision's effective date, while penalty for continuing contraventions remains subject to statutory waiver upon timely deposit.
Section 171 requires suppliers of Rail Neer to pass GST rate-reduction benefits through commensurate reductions in transfer prices, even where maximum retail prices are railway-regulated and supplies are subsidised or complimentary. No exclusion applies to public-sector or governmental suppliers. Profiteering may be computed through a fair, case-specific comparison between pre-GST average base prices and post-GST transaction prices; no uniform formula or advance disclosure of the exact methodology is required where the supplier participated in the investigation. Investigation duration depends on circumstances rather than a one-year limit. Interest applies only prospectively from the interest provision's effective date, while penalty for continuing contraventions remains subject to statutory waiver upon timely deposit.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
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