Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
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ITAT upheld invalid reassessment where the show-cause notice under the reopening procedure was not accompanied by the relied-upon material, despite the assessee's request, and held that RMS or Insight inputs did not dispense with independent verification, disclosure of material, or observance of natural justice. It further held that the appellate authority could test the legality of the reopening while hearing the reassessment appeal. Additions based on third-party seized papers, statements and loose sheets failed because the material was not properly furnished, cross-examination was denied, and the documents were uncorroborated. Section 69A was held inapplicable to alleged cash borrowing. Later-year notices were also held time-barred, so the consequential reassessments did not survive.
ITAT upheld invalid reassessment where the show-cause notice under the reopening procedure was not accompanied by the relied-upon material, despite the assessee's request, and held that RMS or Insight inputs did not dispense with independent verification, disclosure of material, or observance of natural justice. It further held that the appellate authority could test the legality of the reopening while hearing the reassessment appeal. Additions based on third-party seized papers, statements and loose sheets failed because the material was not properly furnished, cross-examination was denied, and the documents were uncorroborated. Section 69A was held inapplicable to alleged cash borrowing. Later-year notices were also held time-barred, so the consequential reassessments did not survive.
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