Extended reassessment limitation in search cases requires asset-linked escaped income, invalidating additions based only on unexplained money or expen...
Enhanced tolerance band under section 43CA applies retrospectively, deleting qualifying deemed-sale additions while disputed stamp valuation requires ...
Customs transaction value rejection requires communicated reasonable doubt, while written reassessment acceptance preserves challenges to enhanced val...
Challenge-mechanism compliance clarifications permitted, while unilateral revised resolution plans may be refused under creditors' commercial discreti...
Misdeclaration regarding description and quantity of imported goods admitted. Declared goods liable for confiscation due to misdeclaration. Proper investigation not conducted to determine actual transaction value. No admissible evidence for contemporaneous imports. Declared value accepted for declared goods. Appellant failed to furnish evidence for value of excess 140 cartons. Assessable value of excess cartons upheld at Rs.3,56,510/-. Redemption fine reduced to Rs.35,000/- and penalty to Rs.20,000/-. Appeal partly allowed.
Misdeclaration regarding description and quantity of imported goods admitted. Declared goods liable for confiscation due to misdeclaration. Proper investigation not conducted to determine actual transaction value. No admissible evidence for contemporaneous imports. Declared value accepted for declared goods. Appellant failed to furnish evidence for value of excess 140 cartons. Assessable value of excess cartons upheld at Rs.3,56,510/-. Redemption fine reduced to Rs.35,000/- and penalty to Rs.20,000/-. Appeal partly allowed.
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TaxTMI 
TaxTMI 
of 4918 
