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Held that impugned show cause notice cannot sustain as there has been an inordinate delay in adjudication of the same.
HC set aside one line order dismissing appeal of assessee on the ground of delay in submission without supporting detailed reasons
Export Policy of items [Wheat or Meslin Flour (Atta), Maida, Samolina (Rava / Sirgi), Wholemeal atta & resultant atta] is amended from ‘Free’ to ‘Prohibited’
Wheat or Meslin Flour under HS Code 1101 is no longer exempted from export restrictions / ban. The status of other 9 items in Notification No.31 (RE-2012)/2009-2014 dated 4th February, 2013 remains unchanged.
Held that the mistake in not adding back the loss on sale of fixed assets in computation of income was a bona fide mistake inadvertently. Accordingly, penalty u/s 271(1)(c) not imposed.
Post allotment, the REIT shall make an application for listing of the units to the stock exchange(s) and the units shall be listed within two working days from the date of allotment
