Revisional power in block assessment upheld, undisclosed search income sustained, freight suppression addition restored, accrued lorry hire liability ...
Reassessment and fee-for-technical-services classification: reopening upheld, but certain reimbursements and mobilization charges fell outside treaty ...
Section 80P deduction for co-operative societies remains available despite nominal members and housing society status, with limited interest income tr...
Re-export of seized imported goods was permitted pending adjudication because the Court declined to examine alleged misclassification or misdeclaration and proceeded on the undisputed position that the goods had remained in custody for a prolonged period, samples had already been drawn, and continued seizure would serve no useful purpose. The permission was made conditional on the petitioner executing a bond for the differential duty payable and furnishing a bank guarantee equivalent to 5% of the re-determined value. The writ petition was disposed of on that basis, with the respondents directed to allow re-export subject to those safeguards.
Re-export of seized imported goods was permitted pending adjudication because the Court declined to examine alleged misclassification or misdeclaration and proceeded on the undisputed position that the goods had remained in custody for a prolonged period, samples had already been drawn, and continued seizure would serve no useful purpose. The permission was made conditional on the petitioner executing a bond for the differential duty payable and furnishing a bank guarantee equivalent to 5% of the re-determined value. The writ petition was disposed of on that basis, with the respondents directed to allow re-export subject to those safeguards.
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