Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
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...
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The ITAT Delhi addressed the issue of rectification of mistake u/s 154 beyond the limitation period. The AO failed to fulfill the statutory duty by not passing an order on the application u/s 154 within the prescribed time. The tribunal held that the appellant had the right to appeal u/s 246A due to the AO's failure. The CBDT circular allows corrections in disputed arrear demands even after the limitation period. The tribunal directed the AO to consider and dispose of the application filed u/s 154 in 2014. The tribunal emphasized that failure to fulfill statutory obligations cannot prejudice the taxpayer's interests.
The ITAT Delhi addressed the issue of rectification of mistake u/s 154 beyond the limitation period. The AO failed to fulfill the statutory duty by not passing an order on the application u/s 154 within the prescribed time. The tribunal held that the appellant had the right to appeal u/s 246A due to the AO's failure. The CBDT circular allows corrections in disputed arrear demands even after the limitation period. The tribunal directed the AO to consider and dispose of the application filed u/s 154 in 2014. The tribunal emphasized that failure to fulfill statutory obligations cannot prejudice the taxpayer's interests.
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