Customs valuation and classification require comparable evidence and assessment of imported goods in their actual condition, invalidating related pena...
Reassessment cannot be justified merely by a change in the opinion of the Assessing Officer, especially when all relevant information was already considered in the original assessment. The court emphasized that reopening of assessment requires tangible material suggesting income escapement, which was not present in this case. - Notice issued u/s 148 for reassessment u/s 147 qashed - HC
Reassessment cannot be justified merely by a change in the opinion of the Assessing Officer, especially when all relevant information was already considered in the original assessment. The court emphasized that reopening of assessment requires tangible material suggesting income escapement, which was not present in this case. - Notice issued u/s 148 for reassessment u/s 147 qashed - HC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4788
Join Channel
TaxTMI 
