Customs valuation and classification require comparable evidence and assessment of imported goods in their actual condition, invalidating related pena...
Revision u/s 263 - Failure of AO levy tax u/s 115BE for the additions made u/s 68 - AO having made addition u/s 68 of the Act, taxing it at the rate prescribed u/s 155BBE of the Act was a natural corollary. Admittedly the law itself prescribes a special rate of tax for additions made u/s 68, 69, 69A/B/C of the Act u/s 115BBE of the Act. - The order of the ld. PCIT finding the assessment order erroneous causing prejudice to the Revenue, sustained - AT
Revision u/s 263 - Failure of AO levy tax u/s 115BE for the additions made u/s 68 - AO having made addition u/s 68 of the Act, taxing it at the rate prescribed u/s 155BBE of the Act was a natural corollary. Admittedly the law itself prescribes a special rate of tax for additions made u/s 68, 69, 69A/B/C of the Act u/s 115BBE of the Act. - The order of the ld. PCIT finding the assessment order erroneous causing prejudice to the Revenue, sustained - AT
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