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...
The HC held that the Petitioner, as the legal heir of the deceased passenger, is entitled to redeem the confiscated gold under the Customs Act, 1962. The limitation period u/s 125 for redeeming the goods did not commence due to lack of communication of the order to the deceased passenger. The Petitioner is permitted to redeem the goods upon compliance with the original order, and demurrage charges are waived considering the passenger's demise and non-service of the order.
The HC held that the Petitioner, as the legal heir of the deceased passenger, is entitled to redeem the confiscated gold under the Customs Act, 1962. The limitation period u/s 125 for redeeming the goods did not commence due to lack of communication of the order to the deceased passenger. The Petitioner is permitted to redeem the goods upon compliance with the original order, and demurrage charges are waived considering the passenger's demise and non-service of the order.
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TaxTMI 
TaxTMI 
of 4915 
