Transfer-pricing reimbursement adjustments require uncontrolled comparables and cannot become expense-genuineness reviews, resulting in deletion of th...
Food import sampling requirements support provisional release where unseized consignments conform to standards and raw areca classification is unestab...
Diagnostic microcuvette classification follows sole-use analytical function, placing specialised disposable cuvettes with their analyser rather than g...
Customs Broker licensing proceedings fail when their offence-report foundation collapses and authorisation, advisory, and KYC duties remain unbreached...
Reopening of a concluded scrutiny assessment beyond four years requires recorded reasons that independently demonstrate tangible material, a rational link to income escaping assessment, and the taxpayer's failure to make a full and true disclosure of primary facts. Recorded reasons containing factual errors and no connection between an alleged entry operator and the shareholder do not establish due application of mind or a valid reason to believe. Disclosure of shareholder details, banking particulars and confirmations satisfies the taxpayer's obligation; the taxpayer need not draw further factual or legal inferences for the Assessing Officer. The reopening and consequential reassessment were void ab initio and quashed.
Reopening of a concluded scrutiny assessment beyond four years requires recorded reasons that independently demonstrate tangible material, a rational link to income escaping assessment, and the taxpayer's failure to make a full and true disclosure of primary facts. Recorded reasons containing factual errors and no connection between an alleged entry operator and the shareholder do not establish due application of mind or a valid reason to believe. Disclosure of shareholder details, banking particulars and confirmations satisfies the taxpayer's obligation; the taxpayer need not draw further factual or legal inferences for the Assessing Officer. The reopening and consequential reassessment were void ab initio and quashed.
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