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 incriminating material relating to the assessee was found only during search/survey action conducted at a third party's premises, the statutory trigger for assessment is s.153C and not reassessment under ss.147/148. Since there was no search on the assessee and the Revenue's case arose entirely from material seized from the third party allegedly engaged in providing accommodation entries through rigged shares, initiation and completion of assessment under s.147 read with s.144B lacked jurisdiction. Consequently, the reassessment order was held void ab initio and was quashed, granting relief to the assessee. - ITAT
Where incriminating material relating to the assessee was found only during search/survey action conducted at a third party's premises, the statutory trigger for assessment is s.153C and not reassessment under ss.147/148. Since there was no search on the assessee and the Revenue's case arose entirely from material seized from the third party allegedly engaged in providing accommodation entries through rigged shares, initiation and completion of assessment under s.147 read with s.144B lacked jurisdiction. Consequently, the reassessment order was held void ab initio and was quashed, granting relief to the assessee. - ITAT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4819 
Join Channel 
