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 Kolkata held that valuation of 'Transformer and its accessories' with a price variation clause is subject to reassessment of bills of entry. Assessment at clearance is provisional when a contract includes a variation clause. The Tribunal referred to a similar case for precedent. The respondent's request for reassessment was valid, leading to dismissal of the Revenue's appeal. The impugned order was upheld, emphasizing the finality of assessment post-reassessment request.
CESTAT Kolkata held that valuation of 'Transformer and its accessories' with a price variation clause is subject to reassessment of bills of entry. Assessment at clearance is provisional when a contract includes a variation clause. The Tribunal referred to a similar case for precedent. The respondent's request for reassessment was valid, leading to dismissal of the Revenue's appeal. The impugned order was upheld, emphasizing the finality of assessment post-reassessment request.
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TaxTMI 
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