Permanent-establishment reassessment cannot revisit scrutinised disclosures; extended reopening fails without undisclosed material facts and within st...
Modified returns after business reorganisation must be assessed within pending proceedings, barring parallel scrutiny and consequential transfer prici...
Turnover mismatches under percentage-completion accounting cannot alone establish suppressed income where customer advances remain recorded as liabili...
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Redemption of confiscated prohibited goods under section 125 of the Customs Act is discretionary, but the discretion must be exercised judicially rather than denied mechanically because goods are prohibited. Redemption may require consideration of the circumstances of the violation, including the absence of serious or previous contraventions and payment of penalty. Redemption fine must remain within the statutory ceiling and be determined on the applicable principles. Upon payment of the properly determined fine, confiscated gold jewellery may be released.
Redemption of confiscated prohibited goods under section 125 of the Customs Act is discretionary, but the discretion must be exercised judicially rather than denied mechanically because goods are prohibited. Redemption may require consideration of the circumstances of the violation, including the absence of serious or previous contraventions and payment of penalty. Redemption fine must remain within the statutory ceiling and be determined on the applicable principles. Upon payment of the properly determined fine, confiscated gold jewellery may be released.
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