Third-party search material requires special assessment route, rendering general reassessment notices without jurisdiction when it forms the proceedin...
Transfer-pricing adjustments must be confined to international associated-enterprise transactions, while functionally dissimilar comparables remain ex...
Insolvency moratorium bars income-tax revision proceedings against corporate debtors until the moratorium ends, preserving merits for later determinat...
Article 24 of the ASEAN-India Free Trade Area, which provides an inter-State consultation mechanism, does not displace Customs Authorities' statutory jurisdiction unless incorporated into municipal law. The Rules of Origin implement origin criteria but do not incorporate that dispute-resolution mechanism, so it cannot be privately enforced to bar Customs Act proceedings. Customs recovery powers for incorrect preferential-duty claims existed under the unamended provisions governing short levy, short payment and truthful bill-of-entry declarations. Origin-certificate particulars supporting preferential treatment form part of those declarations. The later certificate-of-origin verification regime added a specific procedure without creating or limiting the pre-existing general recovery power.
Article 24 of the ASEAN-India Free Trade Area, which provides an inter-State consultation mechanism, does not displace Customs Authorities' statutory jurisdiction unless incorporated into municipal law. The Rules of Origin implement origin criteria but do not incorporate that dispute-resolution mechanism, so it cannot be privately enforced to bar Customs Act proceedings. Customs recovery powers for incorrect preferential-duty claims existed under the unamended provisions governing short levy, short payment and truthful bill-of-entry declarations. Origin-certificate particulars supporting preferential treatment form part of those declarations. The later certificate-of-origin verification regime added a specific procedure without creating or limiting the pre-existing general recovery power.
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TaxTMI 
TaxTMI 
of 4886 
