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 HC allowed the writ petition, holding the petitioner's refund claims were filed within time and that the refund granted by the original authority was consequent to the appellate proceedings culminating in the CESTAT remand and final order. The court found the one-year limitation for refund claims runs from date of import/payment provided the procedural prerequisites of Notification No.102/2007-Cus are met, which the petitioner satisfied. The HC rejected respondent's contention that a fresh claim under s.27(1-B) was required, as that provision applies only where refund follows an order of the specified appellate authorities; accordingly the petitioner is entitled to the refund and the writ is allowed.
The HC allowed the writ petition, holding the petitioner's refund claims were filed within time and that the refund granted by the original authority was consequent to the appellate proceedings culminating in the CESTAT remand and final order. The court found the one-year limitation for refund claims runs from date of import/payment provided the procedural prerequisites of Notification No.102/2007-Cus are met, which the petitioner satisfied. The HC rejected respondent's contention that a fresh claim under s.27(1-B) was required, as that provision applies only where refund follows an order of the specified appellate authorities; accordingly the petitioner is entitled to the refund and the writ is allowed.
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