Classification of imported salvaged shaft pieces as ship parts confirmed, reassessment time-barred and appeal allowed restoring original classificatio...
Scope of intermediary status for data hosting services: tribunal finds provider not intermediary, services exported and not taxable, limited remand on...
CENVAT credit availability after omission of Rule 12B in textiles confirmed; late addendum to SCN introducing new grounds held time-barred and invalid...
Export of Wheat Flour and related products subject to online allocation, eligibility criteria, non-transferable six-month authorisations and reporting...
Where a valid search under s.132 was conducted on the assessee, the assessee could not be treated as a "third party", and the special search assessment code under ss.153A-153D was held to override the general reassessment provision in s.147; accordingly, s.147 could not be invoked to bypass the statutory machinery and limitation applicable to a searched person, and the departmental objection was rejected. Although the search-year assessment (AY corresponding to the year of search) is not within the six preceding years under s.153A, the time limit under s.153B applies to both the six years and the year of search; since the assessment was completed beyond the prescribed outer limit, it was held time-barred and void ab initio, and the assessment was quashed. - ITAT
Where a valid search under s.132 was conducted on the assessee, the assessee could not be treated as a "third party", and the special search assessment code under ss.153A-153D was held to override the general reassessment provision in s.147; accordingly, s.147 could not be invoked to bypass the statutory machinery and limitation applicable to a searched person, and the departmental objection was rejected. Although the search-year assessment (AY corresponding to the year of search) is not within the six preceding years under s.153A, the time limit under s.153B applies to both the six years and the year of search; since the assessment was completed beyond the prescribed outer limit, it was held time-barred and void ab initio, and the assessment was quashed. - ITAT
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