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...
HC held that the Customs Department's detention of gold bangles without issuing a show cause notice (SCN) or granting personal hearing is unlawful. The pre-printed waiver signed by the Petitioner cannot substitute statutory requirements under Section 124. The Court found the detention contrary to principles of natural justice, rendering the seizure untenable. Consequently, the Court directed the release of the detained gold bangles to the Petitioner, invalidating the Customs Department's unilateral action based on a standard pre-printed waiver form.
HC held that the Customs Department's detention of gold bangles without issuing a show cause notice (SCN) or granting personal hearing is unlawful. The pre-printed waiver signed by the Petitioner cannot substitute statutory requirements under Section 124. The Court found the detention contrary to principles of natural justice, rendering the seizure untenable. Consequently, the Court directed the release of the detained gold bangles to the Petitioner, invalidating the Customs Department's unilateral action based on a standard pre-printed waiver form.
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TaxTMI 
TaxTMI 
of 4915 
