Document Identification Number compliance renders TDS-default orders invalid where mandatory DIN requirements are breached and curative provision does...
Reassessment beyond three years requires books of account, documents or other evidence revealing income escapement; an audit objection alone is an opinion and cannot satisfy this condition or justify review of concluded scrutiny assessments. Re-examination of already disclosed material, including limited-scrutiny records, constitutes a change of opinion, rendering reassessment proceedings time-barred and without jurisdiction. Writ jurisdiction may be invoked on admitted material to challenge a reassessment notice lacking jurisdiction despite an alternative statutory remedy or completion of reassessment. Excise-duty refunds under an industrial incentive scheme for establishing a new undertaking are capital receipts, while goodwill arising on amalgamation qualifies as a depreciable business or commercial right.
Reassessment beyond three years requires books of account, documents or other evidence revealing income escapement; an audit objection alone is an opinion and cannot satisfy this condition or justify review of concluded scrutiny assessments. Re-examination of already disclosed material, including limited-scrutiny records, constitutes a change of opinion, rendering reassessment proceedings time-barred and without jurisdiction. Writ jurisdiction may be invoked on admitted material to challenge a reassessment notice lacking jurisdiction despite an alternative statutory remedy or completion of reassessment. Excise-duty refunds under an industrial incentive scheme for establishing a new undertaking are capital receipts, while goodwill arising on amalgamation qualifies as a depreciable business or commercial right.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4912 
