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...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
The Customs Broker's license suspension under Regulation 16(1) of CBLR, 2018 and its continuation were challenged. The Tribunal examined the Bill of Entry details and found no evidence of illegal activities by the Customs Broker in removing the container or taking it back to the examination area. The duties of examining goods and allowing movement from the Container Freight Station were part of Customs officers' responsibilities, not the Broker's. The impugned order lacked clear findings and reasons for immediate suspension as per CBIC instructions. The Tribunal held that no sufficient grounds were made out against the Broker, and the continuation of license suspension could not be sustained. Following precedent, the Tribunal modified the order by setting aside the Broker's license suspension while allowing proceedings under Regulation 17 of CBLR, 2018 to continue as per law.
The Customs Broker's license suspension under Regulation 16(1) of CBLR, 2018 and its continuation were challenged. The Tribunal examined the Bill of Entry details and found no evidence of illegal activities by the Customs Broker in removing the container or taking it back to the examination area. The duties of examining goods and allowing movement from the Container Freight Station were part of Customs officers' responsibilities, not the Broker's. The impugned order lacked clear findings and reasons for immediate suspension as per CBIC instructions. The Tribunal held that no sufficient grounds were made out against the Broker, and the continuation of license suspension could not be sustained. Following precedent, the Tribunal modified the order by setting aside the Broker's license suspension while allowing proceedings under Regulation 17 of CBLR, 2018 to continue as per law.
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TaxTMI 
TaxTMI 
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