Anti-profiteering obligations survive business demerger, complaint withdrawal, and customized supply arrangements where rate-reduction benefits are no...
Road restoration charges constitute taxable services when requested for commercial pipeline activity, requiring reverse-charge GST from the business r...
Interest on delayed release of requisitioned cash includes statutory pre-assessment interest and restitutionary compensation for unlawful post-assessm...
Incomplete inventory records justify rejecting accounts, while profit estimation requires relevant comparable material and interest falls under other ...
Transfer-pricing comparability requires functional alignment; delayed associated-enterprise receivables need separate LIBOR-based benchmarking, while ...
Conditional release of a lien over provisionally attached fixed deposits can be granted where the outstanding revenue demand is adequately secured. A 20% deposit ordinarily supports a stay during appeal under the applicable CBDT circular; a 25% deposit, through a post-dated cheque, together with an undertaking not to transfer assets or create third-party rights, secured release of the lien. The Assessing Officer was required to lift the lien or recall the attachment and notify the bank once those conditions were met.
Conditional release of a lien over provisionally attached fixed deposits can be granted where the outstanding revenue demand is adequately secured. A 20% deposit ordinarily supports a stay during appeal under the applicable CBDT circular; a 25% deposit, through a post-dated cheque, together with an undertaking not to transfer assets or create third-party rights, secured release of the lien. The Assessing Officer was required to lift the lien or recall the attachment and notify the bank once those conditions were met.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4912 
