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 directs continuation of customs duty proceedings regarding classification of identical goods under Section 17(5) of Customs Act, 1962. The court mandates personal hearing for petitioner and authorizes adjudicating authority to determine final classification under Customs Tariff Headings 85168000 and 85169000. Provisional release of earlier bills of entry is acknowledged, with the current proceedings expected to bind both existing and previous entry classifications. Writ petition disposed of with directive for comprehensive adjudication process ensuring procedural fairness.
HC directs continuation of customs duty proceedings regarding classification of identical goods under Section 17(5) of Customs Act, 1962. The court mandates personal hearing for petitioner and authorizes adjudicating authority to determine final classification under Customs Tariff Headings 85168000 and 85169000. Provisional release of earlier bills of entry is acknowledged, with the current proceedings expected to bind both existing and previous entry classifications. Writ petition disposed of with directive for comprehensive adjudication process ensuring procedural fairness.
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TaxTMI 
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