Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4921 
