Rejection of value: tax authority may replace assessee's declared service value after prescribed notice and hearing. Rule 4 permits the tax authority to reject an assessee's declared value of taxable services and determine the correct value only after issuing a show ... Summary
Rejection of value: tax authority may replace assessee's declared service value after prescribed notice and hearing.
Rule 4 permits the tax authority to reject an assessee's declared value of taxable services and determine the correct value only after issuing a show cause notice specifying the value, granting an opportunity of being heard, and then determining the correct value in accordance with the valuation rules.
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