Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 Highlights - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Law:
---- All Laws----
  • ---- All Laws----
  • Income Tax
  • Direct Taxes
  • Benami Property
  • Central GST Laws
  • SGST - State GST Laws
  • Customs
  • FTP - Foreign Trade Policy
  • SEZ - Special Economic Zone
  • FEMA - Foreign Exchange Management
  • Companies Law
  • SEBI - Securities & Exchange Board of India
  • IBC - Insolvency and Bankruptcy
  • Law of Competition
  • PMLA - Money-Laundering
  • Indian Laws
  • Bill / Finance Bills
  • Wealth Tax
  • Service Tax
  • Central Excise
  • VAT / Sales Tax
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    Disallowance of interest to scheduled/cooperative banks upheld where unpaid by the return filing due date, favouring revenue.
    Omission of statutory provision prevents TPO reference for ALP; consequent adjustments invalid and revenue appeal dismissed.
    Updated Return Timing permits claiming charitable exemption when filed within the belated-return period; precedent supports allowance.
    Manufacture qualification under Section 80IC upheld for unit converting electrical steel into laminations, deduction allowed.
    Reassessment notice validity: extended notices without prescribed conditions or pre-reopening consultation are invalid and quashed.
    Reopening Assessments invalid where satisfaction and jurisdictional approval are absent for third party seized material, leading to quashing of assess...
    Limitation under Section 153: period lost during handover of books is excluded; assessment beyond extended deadline is time-barred.
    Section 269SS cash receipt rule: recorded sale consideration and absent AO satisfaction or limitation can negate penalty under Section 271D.
    Trust purchase prohibition: tribunal found exemption preserved where sellers lacked substantial interest or control in the investee.
    Service of assessment order failed due to e filing upload error and no proof of postal service, resulting in appeal allowed.
    Transfer Pricing Comparable Selection: specified comparables ordered included, one excluded for functional dissimilarity and ECB interest deleted.
    Possession as transfer: acquisition year fixed for CII and construction-cost deduction allowed by parity with co owners.
    Benami property exclusion from the insolvency estate: Benami Act proceedings preclude IBC tribunals from reopening attachments or treating such assets...
    Issue Estoppel limits appellate re examination; appellate authority cannot revisit its appellate order when granting consequential relief.
    Verification of origin and provisional release: court permits provisional release against bank guarantee while origin verification proceeds.
    Interest on delayed refunds runs from the day after three months of the refund application, irrespective of later sanction.
    Joinder and amendment of pleadings secure the right to adjudication on merits by permitting rectification of the cause title.
    Transactions During Moratorium: restoration of unauthorised receipts to the liquidation estate upheld despite belated criminal allegations.
    Exclusion of limitation period: pandemic suspension plus debtor acknowledgement can extend limitation, requiring fresh factfinding on guarantee invoca...
    Default on interest triggers acceleration of debt and permits admission of insolvency petition; further tribunal proceedings directed.
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

Highlights
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries

Highlights

Back

All Highlights

Showing Results for :
Reset Filters
No Records Found

Highlights

Back

All Highlights

whatsapp Join Channel
Showing Results for : Reset Filters

Imported goods were found, on examination and CRCL testing, to...

Misdeclared imported fabric as viscose instead of polyester; Rule 12 valuation rejection upheld, duty demand, s111(m) confiscation, s114A penalty

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Customs January 8, 2026 Case Laws AT
Imported goods were found, on examination and CRCL testing, to be polyester filament yarn fabric though declared as viscose polyamide woven fabric; the importer did not dispute the mis-declaration and accepted re-classification and consequent re-assessment, so reclassification was sustained. Since the invoice related to different goods, the proper officer had reasonable doubt under Rule 12 to reject the declared transaction value; as no supporting evidence was produced, value was correctly re-determined under the sequential rules using contemporaneous import data of similar goods, and differential duty was sustained. Mis-declaration attracted confiscation under s.111(m); redemption fine at about 10% of value was upheld, and mandatory penalty equal to duty under s.114A was affirmed; appeal dismissed. - CESTAT

Topics

Acts Income Tax