Reassessment notices beyond three years need sanction of the specified authority, rules High Court
Hundreds of notices approved by the wrong officer are liable to be quashed, the court indicated.
By Meghna Sharma, Tax editor
Indirect and direct tax, customs and international tax rulings.
Hundreds of notices approved by the wrong officer are liable to be quashed, the court indicated.
By Meghna Sharma, Tax editor
The court found appraisals valuing rural land as a granite quarry and luxury subdivision described a use that was never feasible.
By Samuel Reyes, US tax correspondent
The model that picked the first large partnerships for examination in 2023 will now score every return above the threshold; practitioners want to know what it looks for.
By Samuel Reyes, US tax correspondent
The tribunal set aside a valuation enhancement based solely on a database of past imports.
By Meghna Sharma, Tax editor
The 27 May 2026 judgment settles whether entry fees are an actionable claim and how far the 28% rate reaches back; the industry and the department are now reworking the demands.
By Meghna Sharma, Tax editor
Buyers who paid tax to a registered supplier cannot be penalised for the supplier's failure to deposit it.
By Meghna Sharma, Tax editor
An out-of-state distributor with $60,000 in taxable Illinois sales but $900,000 in gross receipts was a remote retailer required to collect, the court held.
By Samuel Reyes, US tax correspondent
Groups with revenue above €750 million face top-up taxes in low-tax jurisdictions from this year.
By Meghna Sharma, Tax editor
The arrangement spared US-parented groups the income inclusion and undertaxed profits rules. It did nothing about the domestic top-up taxes in force where they operate.
By Samuel Reyes, US tax correspondent