Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Suspension of Customs Broker License - Since, this alleged offence was also well within the knowledge of the department, suspension of the license, if any, warranted could have been initiated along with the other offence where their License was suspended. The action of the department in waiting for more than four years and suspending the License immediately after setting aside the earlier revocation order, cannot be sustained in the eye of the law. - AT
Suspension of Customs Broker License - Since, this alleged offence was also well within the knowledge of the department, suspension of the license, if any, warranted could have been initiated along with the other offence where their License was suspended. The action of the department in waiting for more than four years and suspending the License immediately after setting aside the earlier revocation order, cannot be sustained in the eye of the law. - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
