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...
Challenging the assessment of Bill of Entry - Benefit of concessional rate of customs duty and CVD under N/N. 12/2012-Cus. - The Appellate Tribunal found that the Commissioner (Appeals) should have considered the appeal on its merits instead of rejecting it based on the assumption that the appellant had accepted the reassessment. The Tribunal referenced a Supreme Court judgment, highlighting that both the revenue and the appellant have the right to appeal against an assessment order.
Challenging the assessment of Bill of Entry - Benefit of concessional rate of customs duty and CVD under N/N. 12/2012-Cus. - The Appellate Tribunal found that the Commissioner (Appeals) should have considered the appeal on its merits instead of rejecting it based on the assumption that the appellant had accepted the reassessment. The Tribunal referenced a Supreme Court judgment, highlighting that both the revenue and the appellant have the right to appeal against an assessment order.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
