Capital gains valuation from stamp assessment versus net consideration for residential reinvestment: deemed stamp value replaced for gains but not for...
Tax determination against deceased proprietor invalid where no notice to legal representative; appeal rejected without addressing jurisdictional defec...
Revocation of GST registration and permission to file blocked returns; conditional defreezing of bank accounts after security and instalment applicati...
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Cold heading quality alloy steel wire in coils was held classifiable as alloy steel wire under CTH 7229 9090, not as wire rods under CTH 7227, because the imported product had undergone wire drawing and subsequent heat treatment and the department failed to produce technical evidence displacing the declared classification. On that basis, the Tribunal held that Notification No. 152/2009-Cus. remained available, so the differential duty and interest demand could not survive once the reclassification failed. Confiscation, penalties, and the extended-period invocation also failed because they were entirely based on the alleged misclassification and wrongful exemption claim, with no material showing suppression or wilful misstatement.
Cold heading quality alloy steel wire in coils was held classifiable as alloy steel wire under CTH 7229 9090, not as wire rods under CTH 7227, because the imported product had undergone wire drawing and subsequent heat treatment and the department failed to produce technical evidence displacing the declared classification. On that basis, the Tribunal held that Notification No. 152/2009-Cus. remained available, so the differential duty and interest demand could not survive once the reclassification failed. Confiscation, penalties, and the extended-period invocation also failed because they were entirely based on the alleged misclassification and wrongful exemption claim, with no material showing suppression or wilful misstatement.
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