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...
Cryptic and non-speaking order by CESTAT violated principles of natural justice. After examining the judgment in Commissioner Customs and Central Excise v. M/s. JP. Transformers, the court found it inapplicable to all aspects/issues of the present case, yet CESTAT concluded the appeals by simply applying the same. The impugned order is set aside, and the matter is remanded back to CESTAT for a fresh decision after affording due opportunity to the parties concerned. The appeal is disposed of by way of remand.
Cryptic and non-speaking order by CESTAT violated principles of natural justice. After examining the judgment in Commissioner Customs and Central Excise v. M/s. JP. Transformers, the court found it inapplicable to all aspects/issues of the present case, yet CESTAT concluded the appeals by simply applying the same. The impugned order is set aside, and the matter is remanded back to CESTAT for a fresh decision after affording due opportunity to the parties concerned. The appeal is disposed of by way of remand.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
