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 held that the Customs Department unlawfully seized and disposed of passengers' gold jewellery exceeding 400 grams, failed to account for proceeds of disposal, and issued a deficient refund order addressing only appraised value without recording disposal or redemption permissions by the OIO. The court found the Department's refusal to pay amounts due to the petitioners, despite the OIO attaining finality, amounted to deprivation of property without legal authority. The matter was treated as a grave procedural and statutory breach warranting further adjudication and was directed to be listed for hearing on 22 September 2025 for appropriate remedial orders.
HC held that the Customs Department unlawfully seized and disposed of passengers' gold jewellery exceeding 400 grams, failed to account for proceeds of disposal, and issued a deficient refund order addressing only appraised value without recording disposal or redemption permissions by the OIO. The court found the Department's refusal to pay amounts due to the petitioners, despite the OIO attaining finality, amounted to deprivation of property without legal authority. The matter was treated as a grave procedural and statutory breach warranting further adjudication and was directed to be listed for hearing on 22 September 2025 for appropriate remedial orders.
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TaxTMI 
TaxTMI 
of 4915 
