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...
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Penalty under s. 272A(1)(d) for alleged non-compliance with notices issued under s. 142(1) was examined where the notices were only uploaded on the e-filing portal and the assessment was completed ex parte under s. 144. Since there was no evidence of effective service or actual communication of the notices, the assessee's lack of actual knowledge constituted "reasonable cause" for non-compliance, and penalty could not be sustained merely because notices remained on the portal. Consequently, the appellate order affirming the penalty was set aside and the penalty was deleted. - ITAT
Penalty under s. 272A(1)(d) for alleged non-compliance with notices issued under s. 142(1) was examined where the notices were only uploaded on the e-filing portal and the assessment was completed ex parte under s. 144. Since there was no evidence of effective service or actual communication of the notices, the assessee's lack of actual knowledge constituted "reasonable cause" for non-compliance, and penalty could not be sustained merely because notices remained on the portal. Consequently, the appellate order affirming the penalty was set aside and the penalty was deleted. - ITAT
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