Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Arecanut classification under CTH 21069030 challenged - provisional release of imported consignment - petitioner claims violation of natural justice as not heard before impugned order - Court holds petitioner uncooperative by not filing reply or attending hearing - impugned order appealable u/s 128 of Customs Act requiring 7.5% duty deposit - balancing interests, impugned order set aside, matter remitted to pass fresh order on merits in accordance with law.
Arecanut classification under CTH 21069030 challenged - provisional release of imported consignment - petitioner claims violation of natural justice as not heard before impugned order - Court holds petitioner uncooperative by not filing reply or attending hearing - impugned order appealable u/s 128 of Customs Act requiring 7.5% duty deposit - balancing interests, impugned order set aside, matter remitted to pass fresh order on merits in accordance with law.
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TaxTMI 
TaxTMI 
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