Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Jurisdictional issue regarding monetary threshold for adjudication by customs officers examined. Appellate authority rightly accepted lack of jurisdiction of original adjudicating officer based on notification prescribing monetary limits. Remand to proper officer permissible u/s 128A(3). However, appellate order did not decide limitation issue, leaving it open for petitioner to raise before proper officer on remand. Petition dismissed, not warranting interference with remand order on jurisdictional ground.
Jurisdictional issue regarding monetary threshold for adjudication by customs officers examined. Appellate authority rightly accepted lack of jurisdiction of original adjudicating officer based on notification prescribing monetary limits. Remand to proper officer permissible u/s 128A(3). However, appellate order did not decide limitation issue, leaving it open for petitioner to raise before proper officer on remand. Petition dismissed, not warranting interference with remand order on jurisdictional ground.
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TaxTMI 
TaxTMI 
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