opinion as to
income escaping assessment is that the assessee-company has
undervalued the closing stock of raw material by applying average rate
per meter ... that in the reasons that finished stock (in pieces) was
undervalued by Rs.6,29,48,003/-. However, again here also the very
method adopted
investigation conducted, these tile manufactures were indulging in large scale undervaluation and clandestine removal of the tiles manufactured.
(iii) That huge amount of extra cash ... include extra cash payments made to various frit manufactures to compensate undervaluation and also with respect to frit clandestinely removed. Even in one CD, stated
prescribed under Section 46 is only for avoiding an undervalued transaction
which provision does not cover a fraudulent transaction as referred to in
Section ... Regulation 35A of the CIRP Regulations are to
be annulled, the undervalued and fraudulent transactions will go out of
the reach of Resolution Process, reach
slips, invoice and records, the department has made out a case of undervaluation of goods and sale of goods by M/s. BGP to their ... witnesses on whose statements and recovery of slips the case of undervaluation has been made out did not turn up for cross-examination despite summons
received an intelligence that the Appellant importing the said spices, has grossly undervalued the imported goods as compared to the price given in the circulars ... Appellants proposing demand of differential custom duty on the elements of undervalued amount, confiscation of the goods undervalued, penalties upon the importer, Shri Shivkumar Raghuveer
Duty Act contemplates that in case it is found that properties are undervalued then it is open for the Collector (Stamps) to assess the correct ... that if it is found that the instrument has been undervalued then it is open for the registering authority to enquire into its correct market
direct, cogent and acceptable
evidence. Thus, it was not a case of undervaluation. Since the duty had been
paid before issuance of show-cause notice ... mentioned in the diary. In respect of seven invoices found to be undervalued,
duty was calculated on the basis of a higher rate quoted
Rule 9 of the Tamil Nadu Stamp (Prevention of undervaluation of Instruments) Rules, 1968, she had a right of appeal, under Section ... Rule 9 of the Tamil Nadu Stamp (Prevention of undervaluation of Instruments) Rules, 1968 within the time stipulated and without availing such remedy, the petitioner
appropriate authority has to be satisfied that there is a significant undervaluation by 15 per cent, or more of the market value of the property ... that such undervaluation has been with a view to evade tax. The show-cause notice issued in the instant case would ex facie demonstrate that
Amit Densified Doors Pvt Ltd) had indulged in
clandestine removal and undervaluation of goods manufactured by
them. The Show Cause Notice required the respondents ... Settlement Commission, alleged clandestine removal of
finished excisable goods, and undervaluation thereof, by Respondents
No. 1 and 2. These allegations were, in turn, founded
