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Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
ITAT upheld imposition of penalty under section 271(1)(c) against the deceased's legal representatives, holding that section 159(1) renders legal representatives liable for tax and ancillary sums the deceased would have owed; therefore penalty proceedings can be continued or initiated against them. The bench rejected reliance on the contrary earlier precedent as having been overruled and sustained the penalty. Because the AR could not clarify whether the legal representatives inherited any estate or its extent, the Tribunal remanded the limited issue to the AO to determine the existence and extent of any estate capable of meeting the liability and to proceed accordingly.
ITAT upheld imposition of penalty under section 271(1)(c) against the deceased's legal representatives, holding that section 159(1) renders legal representatives liable for tax and ancillary sums the deceased would have owed; therefore penalty proceedings can be continued or initiated against them. The bench rejected reliance on the contrary earlier precedent as having been overruled and sustained the penalty. Because the AR could not clarify whether the legal representatives inherited any estate or its extent, the Tribunal remanded the limited issue to the AO to determine the existence and extent of any estate capable of meeting the liability and to proceed accordingly.
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