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...
Appellant's customs broker license revoked, security deposit forfeited, and penalty of Rs. 50,000 imposed by Commissioner due to submission of forged graduation degree during license application. CESTAT upheld Commissioner's order, observing fraud and forgery disqualify appellant from continuing as customs broker under 2018 Regulations. Submission of forged documents vitiates license's validity, and fraud cannot be condoned. Appeal dismissed.
Appellant's customs broker license revoked, security deposit forfeited, and penalty of Rs. 50,000 imposed by Commissioner due to submission of forged graduation degree during license application. CESTAT upheld Commissioner's order, observing fraud and forgery disqualify appellant from continuing as customs broker under 2018 Regulations. Submission of forged documents vitiates license's validity, and fraud cannot be condoned. Appeal dismissed.
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TaxTMI 
TaxTMI 
of 4915 
