Natural justice in insolvency-professional discipline requires disclosed material; notices based on extraneous material and ignored defences are vitia...
Development rights transfers treated as immovable property, while construction abatement applies and repeated non-payment permits extended service-tax...
Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
Section 18 provisional assessments of Bills of Entry are subject to a two-year outer limit for finalisation, extendable by one year for sufficient cause recorded in writing and approved by the Commissioner, with the procedure applying to pending and future provisional assessments. The proper officer must requisition missing documents within 15 days; the importer/exporter must furnish them within 2 months, extendable up to 4 months by the proper officer and up to a maximum of 14 months from provisional assessment by a senior officer, failing which finalisation proceeds on available records after hearing and a speaking order. Finalisation should occur within 3 months of document receipt/expiry of time/enquiry conclusion, with limited extensions but not beyond the statutory outer limit; where specified impediments exist, the two-year period runs from cessation of the impediment. On finalisation, security/bonds are released if no dues, unpaid final dues beyond 90 days may be adjusted/recovered, self-assessed interim duty payments are adjustable, differential duty attracts interest, and regulatory non-compliance attracts penalty.
Section 18 provisional assessments of Bills of Entry are subject to a two-year outer limit for finalisation, extendable by one year for sufficient cause recorded in writing and approved by the Commissioner, with the procedure applying to pending and future provisional assessments. The proper officer must requisition missing documents within 15 days; the importer/exporter must furnish them within 2 months, extendable up to 4 months by the proper officer and up to a maximum of 14 months from provisional assessment by a senior officer, failing which finalisation proceeds on available records after hearing and a speaking order. Finalisation should occur within 3 months of document receipt/expiry of time/enquiry conclusion, with limited extensions but not beyond the statutory outer limit; where specified impediments exist, the two-year period runs from cessation of the impediment. On finalisation, security/bonds are released if no dues, unpaid final dues beyond 90 days may be adjusted/recovered, self-assessed interim duty payments are adjustable, differential duty attracts interest, and regulatory non-compliance attracts penalty.
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