Rajasthan High Court quashes reassessment notice for AY 2015-16 citing limitation expiry. Case analysis and implications for Section 148A compliance.
Shri Tuhin Kanta Pandey, IAS (1987 batch), takes charge as SEBI Chairman. He brings over three decades of experience in finance, policy, and administration.
An assessee’s tax incidence is determined by his residential status. For example, an individual’s residential status in India determines whether income earned outside of India is taxable in India.
Supreme Court’s decision in Om Prakash and Another v. Union of India {WRIT PETITION (CRL.) NO.66 OF 2011} established that offences under the Customs Act were non-cognizable and bailable, requiring a warrant for arrest. This ruling emphasized the need for judicial oversight in the arrest process.
Understand GST notices for transactions with Non-Genuine Taxable Persons (NGTP), their impact, penalties, and how to respond to avoid compliance risks.
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