Personal liberty safeguards restrict arrest after court-directed GST appearance, requiring interim release where authorities overreach pending proceed...
Alternative statutory remedy and delay bar GST writ challenges despite pending rectification, while distinct subject matter permits parallel proceedin...
Unverified Insight Portal Information Cannot Justify Reassessment Without a Verified Taxpayer-Specific Income-Escape Nexus or Demonstrated Application...
Assessing Officer jurisdiction after statutory transfer invalidates reassessment notices issued by transferor officers and nullifies resulting proceed...
Consequential appeal-effect orders must implement rectification deleting working-capital adjustments and reconsider the resulting arm's-length range c...
Discounted cash flow valuation protects share premium where projections are reasonable, while audited book expenses defeat unexplained-expenditure add...
CESTAT Chennai addressed undervaluation of imported glass sheets. The revenue invoked an extended period of limitation due to significant discrepancies in declared value vs. contemporaneous imports. However, the tribunal held that for such an extension, fraud or willful misstatement must be proven. The revenue failed to provide concrete evidence justifying rejection of declared value u/r 3 of Customs Valuation Rules. No incriminating documents were found during investigation. The revenue's case based on comparable imports lacked merit as no comparable cases were identified. The tribunal set aside the demand, impugned order, and penalties, granting appeal with consequential benefits.
CESTAT Chennai addressed undervaluation of imported glass sheets. The revenue invoked an extended period of limitation due to significant discrepancies in declared value vs. contemporaneous imports. However, the tribunal held that for such an extension, fraud or willful misstatement must be proven. The revenue failed to provide concrete evidence justifying rejection of declared value u/r 3 of Customs Valuation Rules. No incriminating documents were found during investigation. The revenue's case based on comparable imports lacked merit as no comparable cases were identified. The tribunal set aside the demand, impugned order, and penalties, granting appeal with consequential benefits.
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TaxTMI 
TaxTMI 
