Settlement Commission has No Jurisdiction to grant immunity from Liability of Interest: Bombay HC quashes Order [Read Order]

By Navasree A.M - On December 30, 2022 11:39 am - 2 mins read

Bombay High Court (HC) chaired by Justice Nitin Jamdar and Justice Gauri Godse quashed the order of the settlement commission as there was no jurisdiction to grant immunity for liability of interest as per the amendment in the section 127H(1) of the Customs Act, 1962 was amended by the Finance Act, 2007. Union of India…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?

Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)

₹1199 + GST for 1 year

Subscribe Now

Union of India vs Pratibha Construction Engineers & Contractors (India) Pvt.Ltd

Counsel for Appellant: Mr.Pradeep Jetly, Mr.Sham Walve and Ms.Sangeeta Yadav

Counsel for Respondent: Mr.Vishal Khanavkar with Mr.Kedar Dighe

CITATION: 2022 TAXSCAN (HC) 1099

Topics

TOP STORIES

Custom - Seal Immovable Property - Bombay Highcourt - Immovable Property - taxscan

Custom does not possess the Authority to Seal Immovable Property: Bombay HC [Read Order]

March 31, 2023

A Division bench of the Bombay High Court recently held that the Custom authorities do not possess any power to seal the premises of a person alleged to be involved in smuggling of goods. The Petitioner, while seeking to de-seal his premises, sought relief to record his statement under Section 108 of Customs Act, 1962 […]

Technical knowhow Fees - Assessable Value - Imported Goods - CESTAT - Customs - Excise - Service Tax - Taxscan

Technical knowhow Fees not to be included in Assessable Value of Imported Goods: CESTAT [Read Order]

March 31, 2023

The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), observed that Technical know-how fees need not be included in the assessable value of imported goods. The respondent in the present matter is M/s Diabu Diamond Tools (I) Pvt Ltd. R. Rajaraman appeared and argued for the Department. It is […]

Minors - Income Tax Notices - Income Tax - Tax - Bank Transactions - Taxscan

Know why Minors received Income Tax Notices from the Department for Bank Transactions

March 31, 2023

The Reserve Bank of India (RBI) has introduced the Liberalised Remittance Scheme (LRS), allowing Indian citizens to send up to $250,000 abroad for various legal purposes. However, recent notices from the Income Tax Department to parents of minors have raised questions about the use of bank accounts held in the name of minors for remittance […]

Bearer Cheque - forged Signatures of Assessee - forged Signatures - ITAT - taxscan

No Addition can be made on account of Amount against Bearer Cheque having forged Signatures of Assessee: ITAT [Read Order]

March 31, 2023

The Income Tax Appellate Tribunal (ITAT), Amritsar Bench, has recently, in two appeals filed before it by the assessee, held that no addition can be made on account of the amount against bearer cheque having forged signatures of the assessee. The aforesaid observation was made by the Amritsar ITAT, when appeals were filed before it […]

All Recent Stories

Custom does not possess the Authority to Seal Immovable Property: Bombay HC [Read Order]

March 31, 2023

Technical knowhow Fees not to be included in Assessable Value of Imported Goods: CESTAT [Read Order]

March 31, 2023

Know why Minors received Income Tax Notices from the Department for Bank Transactions

March 31, 2023

No Addition can be made on account of Amount against Bearer Cheque having forged Signatures of Assessee: ITAT [Read Order]

March 31, 2023

All Top Stories