Reverse charge and assignment of royalty collection: exemption for excess royalty collectors subject to reconciliation; leaseholders remain liable und...
Authorization requirements for customs brokers and benami shipping bills: tribunal upholds licence revocation and penalties after COVID time limit fou...
Eligibility for notification exemption on imported fertilizers challenged; penalty, interest and confiscation set aside after voluntary payment and no...
SC addressed the validity of reassessment notices where the decisive question was whether the matters related to Assessment Year 2015-16. It recorded the Revenue's concession that, for that year, reassessment notices would be time-barred in light of Rajeev Bansal; if a case falls in that year, the notices must be struck down without further adjudication. If the matters relate to any other assessment year, the assessees may raise all contentions available under the earlier order, and the High Courts must decide the cases accordingly. The impugned judgments were set aside and the matters remitted for fresh determination on that threshold issue first.
SC addressed the validity of reassessment notices where the decisive question was whether the matters related to Assessment Year 2015-16. It recorded the Revenue's concession that, for that year, reassessment notices would be time-barred in light of Rajeev Bansal; if a case falls in that year, the notices must be struck down without further adjudication. If the matters relate to any other assessment year, the assessees may raise all contentions available under the earlier order, and the High Courts must decide the cases accordingly. The impugned judgments were set aside and the matters remitted for fresh determination on that threshold issue first.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
