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...
The CESTAT affirmed that the adjudicating authority lacks jurisdiction to reopen or review a final assessment order under Section 17(4) of the Customs Act, which permits provisional assessment but does not authorize reopening after finality. The authority's attempt to revise the earlier assessment based on a High Court decision was erroneous, as the High Court clarified no final assessment order had been passed, and the proper remedy for aggrieved parties is to appeal to the Commissioner (Appeals) under Section 128. The tribunal held that the appellants' claims for refund bypassing the prescribed appellate process were impermissible. Consequently, the appeals challenging the reopening of the assessment were dismissed for lack of merit, reinforcing that final assessment orders cannot be modified by the original adjudicating authority outside the appellate framework.
The CESTAT affirmed that the adjudicating authority lacks jurisdiction to reopen or review a final assessment order under Section 17(4) of the Customs Act, which permits provisional assessment but does not authorize reopening after finality. The authority's attempt to revise the earlier assessment based on a High Court decision was erroneous, as the High Court clarified no final assessment order had been passed, and the proper remedy for aggrieved parties is to appeal to the Commissioner (Appeals) under Section 128. The tribunal held that the appellants' claims for refund bypassing the prescribed appellate process were impermissible. Consequently, the appeals challenging the reopening of the assessment were dismissed for lack of merit, reinforcing that final assessment orders cannot be modified by the original adjudicating authority outside the appellate framework.
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