Road restoration charges constitute taxable services when requested for commercial pipeline activity, requiring reverse-charge GST from the business r...
Interest on delayed release of requisitioned cash includes statutory pre-assessment interest and restitutionary compensation for unlawful post-assessm...
Incomplete inventory records justify rejecting accounts, while profit estimation requires relevant comparable material and interest falls under other ...
Transfer-pricing comparability requires functional alignment; delayed associated-enterprise receivables need separate LIBOR-based benchmarking, while ...
Extended reassessment limitation in search cases requires asset-linked escaped income, invalidating additions based only on unexplained money or expen...
Enhanced tolerance band under section 43CA applies retrospectively, deleting qualifying deemed-sale additions while disputed stamp valuation requires ...
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Customs show cause notices may be corrected or supplemented before adjudication where a corrigendum causes no prejudice and relates back to the original notice; proper-officer status is function-specific. Recovery proceedings for duty not levied or paid are distinct from refund proceedings and need not be preceded by a separate challenge to self-assessment. Under Rule 2(a), CKD electric two-wheeler kits may be classified as complete vehicles when, as presented, they possess the vehicle's essential character despite missing battery packs and chargers. A CKD exemption requiring all necessary components is unavailable where components are missing, and an unclaimed alternative exemption cannot later be invoked. Confiscation remains distinct from redemption fine, so its absence does not preclude confiscation or penalty.
Customs show cause notices may be corrected or supplemented before adjudication where a corrigendum causes no prejudice and relates back to the original notice; proper-officer status is function-specific. Recovery proceedings for duty not levied or paid are distinct from refund proceedings and need not be preceded by a separate challenge to self-assessment. Under Rule 2(a), CKD electric two-wheeler kits may be classified as complete vehicles when, as presented, they possess the vehicle's essential character despite missing battery packs and chargers. A CKD exemption requiring all necessary components is unavailable where components are missing, and an unclaimed alternative exemption cannot later be invoked. Confiscation remains distinct from redemption fine, so its absence does not preclude confiscation or penalty.
Note: It is a system-generated summary and is for quick reference only.