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...
Refund of excise duty paid under protest against demand created on alleged manufacture and clearance of Zarda Scented Tobacco - The High court concludes that the revenue failed to establish the manufacture of 'Zarda Scented Tobacco' or the passing on of the disputed duty liability. Therefore, the Tribunal's decision to allow the appellant's appeal and grant a refund of excise duty is upheld. The petition of the revenue lacks merits and is dismissed.
Refund of excise duty paid under protest against demand created on alleged manufacture and clearance of Zarda Scented Tobacco - The High court concludes that the revenue failed to establish the manufacture of 'Zarda Scented Tobacco' or the passing on of the disputed duty liability. Therefore, the Tribunal's decision to allow the appellant's appeal and grant a refund of excise duty is upheld. The petition of the revenue lacks merits and is dismissed.
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