Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Section 127C(5) requires the Settlement Commission to provide a...
Opportunity to respond to jurisdictional reports is mandatory before customs settlement duty enhancement; connected applications require consistent adjudication.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Section 127C(5) requires the Settlement Commission to provide a settlement applicant an opportunity to address a jurisdictional Commissioner's report before relying on it to enhance customs duty liability. Non-supply of the report breached that statutory requirement and principles of natural justice, requiring the settlement order to be quashed and remanded for fresh consideration. Separate settlement applications arising from the same seized imported goods were intrinsically connected and required a consistent approach. The differing treatment of the Revenue report lacked a discernible basis; therefore, the related subsequent order was also quashed and remanded, with all merits left open.
Section 127C(5) requires the Settlement Commission to provide a settlement applicant an opportunity to address a jurisdictional Commissioner's report before relying on it to enhance customs duty liability. Non-supply of the report breached that statutory requirement and principles of natural justice, requiring the settlement order to be quashed and remanded for fresh consideration. Separate settlement applications arising from the same seized imported goods were intrinsically connected and required a consistent approach. The differing treatment of the Revenue report lacked a discernible basis; therefore, the related subsequent order was also quashed and remanded, with all merits left open.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
