Customs seizure safeguards prevent detention-based limitation avoidance and invalidate provisional release conditions for imported vehicles under an i...
Preliminary reassessment proceedings generally require statutory remedies unless jurisdiction is wholly absent or mandatory conditions are patently br...
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Reassessment based only on information from the Investigation Wing and a third-party statement was found unsustainable where the Assessing Officer had no independent tangible material to form his own belief of escapement. The Tribunal held that mere reliance on borrowed satisfaction and post facto notices to alleged suppliers did not justify reopening under sections 147 and 148. It also held that an addition for alleged bogus purchases could not be made under section 68 when the purchases and corresponding sales were already recorded in the books, as that would amount to double addition. Both appeals were allowed and the section 68 addition was deleted.
Reassessment based only on information from the Investigation Wing and a third-party statement was found unsustainable where the Assessing Officer had no independent tangible material to form his own belief of escapement. The Tribunal held that mere reliance on borrowed satisfaction and post facto notices to alleged suppliers did not justify reopening under sections 147 and 148. It also held that an addition for alleged bogus purchases could not be made under section 68 when the purchases and corresponding sales were already recorded in the books, as that would amount to double addition. Both appeals were allowed and the section 68 addition was deleted.
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