Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
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...
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The HC directed Respondent No.1 to give effect to the Commissioner (Appeals) order dated 19 February 2024 and to grant the Petitioner a refund of taxes paid, together with interest under section 244A of the I.T. Act. The court found the assessment demand extinguished by deletion of additions on appeal and held that pending inquiries or verifications directed by the Commissioner (Appeals) cannot justify withholding the refund. The HC also noted that reassessment notices for the relevant years have been quashed, there is presently no subsisting demand, and consequently Respondent No.1 must immediately pass consequential orders and release the refund with statutory interest.
The HC directed Respondent No.1 to give effect to the Commissioner (Appeals) order dated 19 February 2024 and to grant the Petitioner a refund of taxes paid, together with interest under section 244A of the I.T. Act. The court found the assessment demand extinguished by deletion of additions on appeal and held that pending inquiries or verifications directed by the Commissioner (Appeals) cannot justify withholding the refund. The HC also noted that reassessment notices for the relevant years have been quashed, there is presently no subsisting demand, and consequently Respondent No.1 must immediately pass consequential orders and release the refund with statutory interest.
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