Electronic certificates of origin enable preferential tariffs under the India-New Zealand FTA when format, verification, and filing requirements are m...
Customs approval for liquid cargo exports extends designated jetty operations while existing boarding station and customs area limits remain unchanged...
Mandatory compliance document verification now conditions out-of-charge clearance for imported cosmetics, drugs, and medical devices through PGA-facil...
Page of 4921
Press 'Enter' after typing page number.
1 to 20 of 98414 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Income-tax proceedings do not automatically authorise withholding an assessee's bank accounts. A bank acting solely on an intimation from the Income-tax Department must demonstrate that due process was followed and that a statutory provision or rule authorised the restraint. Where no such proceedings or legal authority were shown, the communication withholding the accounts was set aside and the accounts were directed to be restored as operational. The merits of the underlying income-tax proceedings remained open.
Income-tax proceedings do not automatically authorise withholding an assessee's bank accounts. A bank acting solely on an intimation from the Income-tax Department must demonstrate that due process was followed and that a statutory provision or rule authorised the restraint. Where no such proceedings or legal authority were shown, the communication withholding the accounts was set aside and the accounts were directed to be restored as operational. The merits of the underlying income-tax proceedings remained open.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
