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...
CESTAT allowed the appellant's appeal and set aside the impugned order, holding that classification of the imported manganese as "concentrate" lacked evidential foundation. The Tribunal found the department's conclusion that the ore was ground was mere presumption, unsupported by sample testing, expert opinion, or documentary proof; the only established process was washing, which under the HSN does not transform ore into concentrate. Applying the legal principle that the party asserting facts must prove them, CESTAT concluded there was no material to reclassify the goods. Consequently the provisional assessment under section 18(1) stood set aside and the departmental orders were annulled.
CESTAT allowed the appellant's appeal and set aside the impugned order, holding that classification of the imported manganese as "concentrate" lacked evidential foundation. The Tribunal found the department's conclusion that the ore was ground was mere presumption, unsupported by sample testing, expert opinion, or documentary proof; the only established process was washing, which under the HSN does not transform ore into concentrate. Applying the legal principle that the party asserting facts must prove them, CESTAT concluded there was no material to reclassify the goods. Consequently the provisional assessment under section 18(1) stood set aside and the departmental orders were annulled.
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TaxTMI 
TaxTMI 
of 4915 
