Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
HC held that preprinted waiver forms used by Customs Department cannot be considered valid oral show cause notices under Section 124 of the Customs Act. The court directed that passengers must be properly informed about applicable provisions regarding oral SCNs, and personal hearing notices must be provided via WhatsApp, email, and through authorized signatories even if notice is waived. For foreign travelers, personal effects including jewelry declared in the 'Red Channel' with undertaking to re-export should not be detained. The court ordered the Customs Department to conduct sensitization initiatives to prevent unnecessary detention of personal jewelry worn by travelers, and directed the development of a Standard Operating Procedure until the Baggage Rules can be amended to align with current economic realities.
HC held that preprinted waiver forms used by Customs Department cannot be considered valid oral show cause notices under Section 124 of the Customs Act. The court directed that passengers must be properly informed about applicable provisions regarding oral SCNs, and personal hearing notices must be provided via WhatsApp, email, and through authorized signatories even if notice is waived. For foreign travelers, personal effects including jewelry declared in the 'Red Channel' with undertaking to re-export should not be detained. The court ordered the Customs Department to conduct sensitization initiatives to prevent unnecessary detention of personal jewelry worn by travelers, and directed the development of a Standard Operating Procedure until the Baggage Rules can be amended to align with current economic realities.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
