Reassessment for unreturned property sales survives where transfer information, non-filing, and unsupported exemption claims establish a prima facie l...
Profit-element taxation limits additions for unaccounted flat-sale receipts and grey-market purchases, while reliable search records support partial a...
Non-participating bidders cannot disturb concluded liquidation sales on speculative prejudice, while costs for such challenges must remain proportiona...
Premature IGST-demand proceedings for alleged non-fulfilment of an EPCG export obligation should be left for Revenue consideration in accordance with law. The High Court found no basis to interfere with the CESTAT order holding that initiation was premature. CESTAT observations on revenue neutrality, based on the assessee's data regarding IGST payment and input tax credit, remained subject to Revenue verification and did not bar fresh examination. Revenue may verify the data afresh and decide the matter in accordance with law.
Premature IGST-demand proceedings for alleged non-fulfilment of an EPCG export obligation should be left for Revenue consideration in accordance with law. The High Court found no basis to interfere with the CESTAT order holding that initiation was premature. CESTAT observations on revenue neutrality, based on the assessee's data regarding IGST payment and input tax credit, remained subject to Revenue verification and did not bar fresh examination. Revenue may verify the data afresh and decide the matter in accordance with law.
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TaxTMI 
TaxTMI 
of 4881 
