Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Assessment u/s 144C - Period of limitation - The Ld. CIT-DR argued that the delay was due to the assessee's failure to participate in the verification process as directed by the DRP. However, the Tribunal noted that sub-section (8) of section 144C precludes the DRP from setting aside any proposed variation or issuing any direction for further enquiry and passing of the assessment order. The AO was mandated to complete the assessment within the specified time limit without providing any further opportunity of being heard to the assessee. - The Tribunal concluded that the final assessment order passed by the AO was barred by limitation and, therefore, null in the eyes of law.
Assessment u/s 144C - Period of limitation - The Ld. CIT-DR argued that the delay was due to the assessee's failure to participate in the verification process as directed by the DRP. However, the Tribunal noted that sub-section (8) of section 144C precludes the DRP from setting aside any proposed variation or issuing any direction for further enquiry and passing of the assessment order. The AO was mandated to complete the assessment within the specified time limit without providing any further opportunity of being heard to the assessee. - The Tribunal concluded that the final assessment order passed by the AO was barred by limitation and, therefore, null in the eyes of law.
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