Prohibited importation of cosmetics without prior regulatory registration attracts seizure and confiscation; warehousing or re export claims do not cu...
Provisional release on security permitted where cash deposit plus bond secures differential duty; classification and treaty benefits referred for deci...
Customs Valuation Rule Sequence must be followed; single-comparator re-determination and penalties set aside without comparability or proof of mis-dec...
Separately Identifiable Services: transportation found to be the essential character, so Cargo Handling classification and extended limitation rejecte...
Assessment under section 147 read with section 144B was not vitiated merely because notice under section 143(2) was issued by the Jurisdictional Assessing Officer and the reassessment was completed through the faceless regime; the Tribunal held that concurrent jurisdiction survives and rejected the legal challenge. On merits, however, additions based on treating full sale consideration as short-term capital gain, ad hoc estimation of contract and professional receipts, and addition of rent receipts as business income were set aside because they were made without proper verification of cost, books, reconciliation, or supporting documents. The matter was remanded for fresh examination, with the assessee's non-compliance noted as a material factor.
Assessment under section 147 read with section 144B was not vitiated merely because notice under section 143(2) was issued by the Jurisdictional Assessing Officer and the reassessment was completed through the faceless regime; the Tribunal held that concurrent jurisdiction survives and rejected the legal challenge. On merits, however, additions based on treating full sale consideration as short-term capital gain, ad hoc estimation of contract and professional receipts, and addition of rent receipts as business income were set aside because they were made without proper verification of cost, books, reconciliation, or supporting documents. The matter was remanded for fresh examination, with the assessee's non-compliance noted as a material factor.
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