Faceless assessment and registration procedures are updated through electronic communication, revised recovery rules, extended deadlines, and replacem...
Risk-based selective vessel boarding requires accurate declarations and preserves master and agent liability where physical inspections are not select...
Permanent-establishment reassessment cannot revisit scrutinised disclosures; extended reopening fails without undisclosed material facts and within st...
Appellants imported copper scrap through high seas sale but containers were found empty. Remittance made without receiving goods. AT held contravention of Section 10(6) of FEMA. Penalty on appellant Madhusudan Jhanwar set aside as he wasn't responsible for business conduct. Penalty on appellant Rajesh Jhanwar reduced to 25% as he made efforts to recover amount though not serious. Order partially modified.
Appellants imported copper scrap through high seas sale but containers were found empty. Remittance made without receiving goods. AT held contravention of Section 10(6) of FEMA. Penalty on appellant Madhusudan Jhanwar set aside as he wasn't responsible for business conduct. Penalty on appellant Rajesh Jhanwar reduced to 25% as he made efforts to recover amount though not serious. Order partially modified.
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TaxTMI 
TaxTMI 
