Eligibility for exemption depends on strict construction of the product description; reapers without binder are ineligible, but confiscation and penal...
Customs jurisdiction defined for Principal Commissioner, Vishakhapatnam, covering specified ports, districts and India's adjacent EEZ; effective on pu...
Recording of a satisfaction note by the assessing officer of the searched person is a jurisdictional prerequisite to initiate proceedings and frame assessment in respect of a non-searched person under section 153C; absence of that satisfaction note vitiates jurisdiction and merits quashing of the assessment. Where limitation for an assessment year is to be computed, the relevant date is the date of satisfaction/handing over of records; applying that date, the Tribunal found the assessment year barred by limitation and quashed the assessment. The Tribunal therefore dismissed the Revenue's appeal and upheld quashing of the assessment.
Recording of a satisfaction note by the assessing officer of the searched person is a jurisdictional prerequisite to initiate proceedings and frame assessment in respect of a non-searched person under section 153C; absence of that satisfaction note vitiates jurisdiction and merits quashing of the assessment. Where limitation for an assessment year is to be computed, the relevant date is the date of satisfaction/handing over of records; applying that date, the Tribunal found the assessment year barred by limitation and quashed the assessment. The Tribunal therefore dismissed the Revenue's appeal and upheld quashing of the assessment.
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