Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Interactive Display Systems were held classifiable under Chapter Tariff Item 8471 4190 because the classification issue had already been settled in the respondent's own earlier Tribunal decision on identical goods. Applying judicial discipline, the Department was bound by that un-stayed precedent and could not reopen the same dispute. The Tribunal also noted that later decisions on similar goods had followed the same view, making the contrary assessment unsustainable, and dismissed the Revenue's appeal.
Interactive Display Systems were held classifiable under Chapter Tariff Item 8471 4190 because the classification issue had already been settled in the respondent's own earlier Tribunal decision on identical goods. Applying judicial discipline, the Department was bound by that un-stayed precedent and could not reopen the same dispute. The Tribunal also noted that later decisions on similar goods had followed the same view, making the contrary assessment unsustainable, and dismissed the Revenue's appeal.
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TaxTMI 
TaxTMI 
of 4916 
