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...
CENVAT credit availability after omission of Rule 12B in textiles confirmed; late addendum to SCN introducing new grounds held time-barred and invalid...
Export of Wheat Flour and related products subject to online allocation, eligibility criteria, non-transferable six-month authorisations and reporting...
Addition for unexplained investment could not stand where it rested only on third-party statements and seized material from another group entity, without any independent corroborative evidence linking the assessee to payment of on-money. The Tribunal also noted that denial of cross-examination when such third-party statements are relied upon vitiates the addition in natural justice terms. Following co-ordinate Bench decisions on identical facts involving the same group, it deleted the addition under section 69 and allowed the assessee's appeals for the relevant years.
Addition for unexplained investment could not stand where it rested only on third-party statements and seized material from another group entity, without any independent corroborative evidence linking the assessee to payment of on-money. The Tribunal also noted that denial of cross-examination when such third-party statements are relied upon vitiates the addition in natural justice terms. Following co-ordinate Bench decisions on identical facts involving the same group, it deleted the addition under section 69 and allowed the assessee's appeals for the relevant years.
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