Straight-line lease rental accounting change results in penalty quashed where disclosed accounts and bona fide arguable accounting interpretation exis...
Allocation of enhanced FSI/TDR proceeds between cooperative society and individual flat-owners; tribunal deletes society LTCG addition, remits 80P ver...
Re-assessment of import valuation complied with the requirement for a speaking order, but the enhanced assessable value was not determined in accordance with the Customs Valuation framework. The authority relied on contemporaneous import data and a DRI price alert to discard declared transaction value without applying the sequential tests under the Customs Valuation Rules, including proper comparison of identical goods at the same commercial level and substantially the same quantity. Because those procedural and rule-based requirements were not examined, the confirmation of the enhanced demands was held unsustainable and the impugned order was set aside.
Re-assessment of import valuation complied with the requirement for a speaking order, but the enhanced assessable value was not determined in accordance with the Customs Valuation framework. The authority relied on contemporaneous import data and a DRI price alert to discard declared transaction value without applying the sequential tests under the Customs Valuation Rules, including proper comparison of identical goods at the same commercial level and substantially the same quantity. Because those procedural and rule-based requirements were not examined, the confirmation of the enhanced demands was held unsustainable and the impugned order was set aside.
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