Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
The High Court dismissed the challenge to the assessment order regarding wrongful availing of input tax credit. The court found the petitioner's claim of surrendering registration under TNVAT Act and CST Act on 25.12.2014 implausible, as it was a holiday and an acknowledgment would not have been issued on that date. The court directed the respondents to verify from which IP address the transactions were made for filing returns in the petitioner's name during the disputed period, facilitating wrongful availing of input tax credit and passing it to unscrupulous dealers.
The High Court dismissed the challenge to the assessment order regarding wrongful availing of input tax credit. The court found the petitioner's claim of surrendering registration under TNVAT Act and CST Act on 25.12.2014 implausible, as it was a holiday and an acknowledgment would not have been issued on that date. The court directed the respondents to verify from which IP address the transactions were made for filing returns in the petitioner's name during the disputed period, facilitating wrongful availing of input tax credit and passing it to unscrupulous dealers.
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