Imported analyser diagnostic cartridges treated as accessories with analyser system, not standalone diagnostic reagents; extended limitation and penal...
Steel-timber construction shuttering/formwork tariff classification dispute: essential character held steel, classified as shuttering under Heading 73...
Family-linked property purchases using fabricated loan agreements and benami-style arrangements held to be crime proceeds; attachment upheld, appeal d...
Revisionary jurisdiction was exercised where the Principal Commissioner found the trust deed empowered the trustee to add any person or charity to the class of beneficiaries, so benefits were not restricted to relatives; accordingly sums received could fall under the chargeable head invoked by the revising officer. The Tribunal agreed that the Assessing Officer failed to verify the genuineness of the trust's claim and did not form an express plausible view, making the AO's order erroneous and prejudicial and justifying revision under the statute; the assessee was given a chance to produce supporting evidence and the appeal was dismissed.
Revisionary jurisdiction was exercised where the Principal Commissioner found the trust deed empowered the trustee to add any person or charity to the class of beneficiaries, so benefits were not restricted to relatives; accordingly sums received could fall under the chargeable head invoked by the revising officer. The Tribunal agreed that the Assessing Officer failed to verify the genuineness of the trust's claim and did not form an express plausible view, making the AO's order erroneous and prejudicial and justifying revision under the statute; the assessee was given a chance to produce supporting evidence and the appeal was dismissed.
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