Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
Customs Cargo Service Provider appointment extends custodianship to additional terminal land, subject to cargo-control, security and licence condition...
Penalty under section 271D for contravention of section 269SS cannot survive where the underlying assessment is quashed and the satisfaction recorded in that assessment is obliterated. The principle applied to section 271E in Jai Laxmi Rice Mills Ambala City extends to section 271D because the provisions are pari materia. Further, where the Assessing Officer records satisfaction to initiate penalty in the assessment order, limitation under section 275(1)(c) runs from that initiation, not from a later notice or initiation by the Additional Commissioner or Joint Commissioner. The penalty was therefore unsustainable on both merits and limitation.
Penalty under section 271D for contravention of section 269SS cannot survive where the underlying assessment is quashed and the satisfaction recorded in that assessment is obliterated. The principle applied to section 271E in Jai Laxmi Rice Mills Ambala City extends to section 271D because the provisions are pari materia. Further, where the Assessing Officer records satisfaction to initiate penalty in the assessment order, limitation under section 275(1)(c) runs from that initiation, not from a later notice or initiation by the Additional Commissioner or Joint Commissioner. The penalty was therefore unsustainable on both merits and limitation.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4788
Join Channel
TaxTMI 
