Assessment time-barred u/s 153 due to missing competent-authority reference for Singapore exchange of information; assessment disallowed as barred by ...
Imported menthol-scented sweet supari classification dispute: seizure quashed, release for home consumption subject to duty bond; bank guarantee refus...
CKD/SKD air-conditioner components classifiable with finished units by essential character; prior advance ruling extended three years, FTA benefits po...
Scope of judicial review under Article 226: supervisory, not appellate; factual reappraisal barred, challenge dismissed; insolvency professional dutie...
After the petitioner's tax liability for alleged unexplained jewellery stood fully and finally settled upon issuance of Form-5 under the Vivad se Vishwas Scheme, the department lacked statutory authority to continue detaining jewellery seized during a search. Detention on the ground that a joint locker-holder had an outstanding demand was held contrary to the CIT(A)'s findings on ownership and inconsistent with the scheme's finality, rendering the refusal illegal and perverse. The department was directed to release the seized jewellery (3473.700 g gold and 6.97 carat diamond) within two weeks and was saddled with exemplary costs for defiant conduct. -HC
After the petitioner's tax liability for alleged unexplained jewellery stood fully and finally settled upon issuance of Form-5 under the Vivad se Vishwas Scheme, the department lacked statutory authority to continue detaining jewellery seized during a search. Detention on the ground that a joint locker-holder had an outstanding demand was held contrary to the CIT(A)'s findings on ownership and inconsistent with the scheme's finality, rendering the refusal illegal and perverse. The department was directed to release the seized jewellery (3473.700 g gold and 6.97 carat diamond) within two weeks and was saddled with exemplary costs for defiant conduct. -HC
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