Imported analyser diagnostic cartridges treated as accessories with analyser system, not standalone diagnostic reagents; extended limitation and penal...
Steel-timber construction shuttering/formwork tariff classification dispute: essential character held steel, classified as shuttering under Heading 73...
Family-linked property purchases using fabricated loan agreements and benami-style arrangements held to be crime proceeds; attachment upheld, appeal d...
HC quashed the reassessment notice issued to the petitioner under s.148 for AY 2019-20, holding the proceedings to be impermissible as a mere "change of opinion." The AO had already, on identical material arising from the same search, seizure and survey operation, accepted the version of both the petitioner and the transporter in the transporter's reassessment for AY 2019-20, namely, that no cash was returned to the petitioner against transportation bills. Initiating reassessment of the petitioner on the same transactions and information would amount to an impermissible review of the earlier decision. Consequently, the reassessment proceedings and notice were set aside.
HC quashed the reassessment notice issued to the petitioner under s.148 for AY 2019-20, holding the proceedings to be impermissible as a mere "change of opinion." The AO had already, on identical material arising from the same search, seizure and survey operation, accepted the version of both the petitioner and the transporter in the transporter's reassessment for AY 2019-20, namely, that no cash was returned to the petitioner against transportation bills. Initiating reassessment of the petitioner on the same transactions and information would amount to an impermissible review of the earlier decision. Consequently, the reassessment proceedings and notice were set aside.
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