Independent show-cause notices remain separate proceedings, while customs adjudication challenges should ordinarily follow the statutory appellate rem...
Institutional incapacity in customs settlement proceedings excludes non-functional quorum periods from statutory disposal timelines, preventing automa...
Interactive touchscreen panels with integrated computing functions fall under automatic data-processing machines rather than display monitors for cust...
Ex parte injunction service requirements were substantially met, while civil recovery and SFIO investigation into provident fund defalcation continued...
Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
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The ITAT held that the penalty imposed under sections 271D and 271E was invalid as the penalty order was passed beyond the limitation period prescribed under section 275(1)(c). The statute mandates that penalty proceedings must be completed either by the later of two periods: March 31 following the financial year in which the assessment proceedings concluded, or within six months from the end of the month in which the penalty proceedings were initiated. Since the penalty order was passed on January 31, 2024, exceeding the prescribed deadline of June 30, 2023, it was held time-barred. Reliance on precedent confirmed that penalties imposed after the prescribed limitation period are not sustainable. Consequently, the penalty order was quashed, and the appellant's appeal was allowed.
The ITAT held that the penalty imposed under sections 271D and 271E was invalid as the penalty order was passed beyond the limitation period prescribed under section 275(1)(c). The statute mandates that penalty proceedings must be completed either by the later of two periods: March 31 following the financial year in which the assessment proceedings concluded, or within six months from the end of the month in which the penalty proceedings were initiated. Since the penalty order was passed on January 31, 2024, exceeding the prescribed deadline of June 30, 2023, it was held time-barred. Reliance on precedent confirmed that penalties imposed after the prescribed limitation period are not sustainable. Consequently, the penalty order was quashed, and the appellant's appeal was allowed.
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