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 duty paid on self assessment basis - Refund of the Cenvat credit reversed - benefit of exemption notification - The High court scrutinizes the appellant's arguments regarding the absence of a mechanism for recovering already taken credit and the interpretation of the exemption notification's requirements. It concludes that the appellant cannot undo the fulfillment of the notification's conditions after availing the exemption. - The court dismisses the appeal, upholding the impugned order that rejected the appellant's claim for a refund of the reversed Cenvat credit.
Refund of duty paid on self assessment basis - Refund of the Cenvat credit reversed - benefit of exemption notification - The High court scrutinizes the appellant's arguments regarding the absence of a mechanism for recovering already taken credit and the interpretation of the exemption notification's requirements. It concludes that the appellant cannot undo the fulfillment of the notification's conditions after availing the exemption. - The court dismisses the appeal, upholding the impugned order that rejected the appellant's claim for a refund of the reversed Cenvat credit.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
