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...
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Revision u/s 263 - The inquiry made by the AO pertained to the issue as regards the valuation of opening and closing WIP of the assessee’s project and determination of the cost of sale of the same. - We are unable to comprehend as to on what basis it is canvassed by the ld. A.R that the A.O while framing the assessment, had queried, on the issue as to whether or not the ALV of the unsold flats was to be assessed under the head ‘house property’. - CIT had rightly invoked his jurisdiction under Sec. 263 of the Act and ‘set aside’ the assessment order with a direction to the A.O to pass a fresh order - AT
Revision u/s 263 - The inquiry made by the AO pertained to the issue as regards the valuation of opening and closing WIP of the assessee’s project and determination of the cost of sale of the same. - We are unable to comprehend as to on what basis it is canvassed by the ld. A.R that the A.O while framing the assessment, had queried, on the issue as to whether or not the ALV of the unsold flats was to be assessed under the head ‘house property’. - CIT had rightly invoked his jurisdiction under Sec. 263 of the Act and ‘set aside’ the assessment order with a direction to the A.O to pass a fresh order - AT
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