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 quashed detention orders for areca nut consignments previously cleared by customs and sold to domestic buyers. The court found procedural irregularities in detention, including improper testing in non-accredited laboratories and prolonged detention causing significant hardship. Detention, seizure memo, and summons were set aside, with the matter remanded to the Customs Commissioner for fresh consideration. The decision emphasized that goods already assessed, examined, and sold cannot be arbitrarily detained based on subsequent suspicions without substantive evidence of customs duty evasion.
HC quashed detention orders for areca nut consignments previously cleared by customs and sold to domestic buyers. The court found procedural irregularities in detention, including improper testing in non-accredited laboratories and prolonged detention causing significant hardship. Detention, seizure memo, and summons were set aside, with the matter remanded to the Customs Commissioner for fresh consideration. The decision emphasized that goods already assessed, examined, and sold cannot be arbitrarily detained based on subsequent suspicions without substantive evidence of customs duty evasion.
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TaxTMI 
TaxTMI 
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