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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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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