Reassessment for unreturned property sales survives where transfer information, non-filing, and unsupported exemption claims establish a prima facie l...
Profit-element taxation limits additions for unaccounted flat-sale receipts and grey-market purchases, while reliable search records support partial a...
Non-participating bidders cannot disturb concluded liquidation sales on speculative prejudice, while costs for such challenges must remain proportiona...
The Appellate Tribunal considered the maintainability of an appeal based on the monetary limit involved and the assessment made by the department. The Tribunal noted that circulars from the CBIC instructed the department not to file or pursue appeals before higher authorities if the duty amount is below specified limits. In this case, the CBIC's circular set a monetary limit of Rs.50 lakhs for appeals before the CESTAT. The Tribunal referred to a Bombay High Court decision supporting the withdrawal of appeals falling below monetary thresholds. As the duty amount in the appeal was below the prescribed limit, the Tribunal found the appeal not maintainable and dismissed it in line with the CBIC's circular.
The Appellate Tribunal considered the maintainability of an appeal based on the monetary limit involved and the assessment made by the department. The Tribunal noted that circulars from the CBIC instructed the department not to file or pursue appeals before higher authorities if the duty amount is below specified limits. In this case, the CBIC's circular set a monetary limit of Rs.50 lakhs for appeals before the CESTAT. The Tribunal referred to a Bombay High Court decision supporting the withdrawal of appeals falling below monetary thresholds. As the duty amount in the appeal was below the prescribed limit, the Tribunal found the appeal not maintainable and dismissed it in line with the CBIC's circular.
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TaxTMI 
TaxTMI 
of 4891 
