Classification of imported salvaged shaft pieces as ship parts confirmed, reassessment time-barred and appeal allowed restoring original classificatio...
Scope of intermediary status for data hosting services: tribunal finds provider not intermediary, services exported and not taxable, limited remand on...
Ten-year block computation was governed by the operative date of the satisfaction note (29-09-2021), which placed AYs 2011-12 and 2012-13 outside the ten-year block and resulted in quashing of those assessments. Separately, the assumption of jurisdiction under the search-related provision was held invalid because the seized material did not contain incriminating information attributable to the assessee; verbatim satisfaction notes, a non contemporaneous excel sheet created by searched person staff and lack of corroboration defeated evidentiary value. Consequent additions were deleted and the revenue appeals dismissed.
Ten-year block computation was governed by the operative date of the satisfaction note (29-09-2021), which placed AYs 2011-12 and 2012-13 outside the ten-year block and resulted in quashing of those assessments. Separately, the assumption of jurisdiction under the search-related provision was held invalid because the seized material did not contain incriminating information attributable to the assessee; verbatim satisfaction notes, a non contemporaneous excel sheet created by searched person staff and lack of corroboration defeated evidentiary value. Consequent additions were deleted and the revenue appeals dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
