Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
Customs Cargo Service Provider appointment extends custodianship to additional terminal land, subject to cargo-control, security and licence condition...
The HC held that even if an assessee commits an error, it can be examined u/s 264 of the Act, which has a wide scope. The revision authority cannot decline consideration merely because the assessee made a mistake. The HC found the reasons given for not entertaining the application u/s 264 unjustifiable. It held that the revision authority erred in rejecting the application without considering the applicable SRO values on the dates of agreement and registration, as claimed by the assessee. The HC allowed the writ petition, setting aside the impugned order and remanding the matter to the revision authority for fresh consideration in accordance with the law.
The HC held that even if an assessee commits an error, it can be examined u/s 264 of the Act, which has a wide scope. The revision authority cannot decline consideration merely because the assessee made a mistake. The HC found the reasons given for not entertaining the application u/s 264 unjustifiable. It held that the revision authority erred in rejecting the application without considering the applicable SRO values on the dates of agreement and registration, as claimed by the assessee. The HC allowed the writ petition, setting aside the impugned order and remanding the matter to the revision authority for fresh consideration in accordance with the law.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
