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Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
For a transaction to be treated as inter-State sale under section 3(a) of the CST Act, the movement of goods must be occasioned by a prior contract of sale. On the agency agreement effective from 01.08.1995, the goods remained the principal's property, the agent sold on behalf of the principal, and the appellant discharged the initial burden under section 6A by producing documents and Form F declarations. The CESTAT erred in relying on pre-agreement material to characterise later movements as sales, so the post-01.08.1995 turnover was held to be consignment sales and the contrary assessment was set aside. The enhanced penalty based on that finding also fell away, while the reduced penalty on the remaining tax difference was maintained.
For a transaction to be treated as inter-State sale under section 3(a) of the CST Act, the movement of goods must be occasioned by a prior contract of sale. On the agency agreement effective from 01.08.1995, the goods remained the principal's property, the agent sold on behalf of the principal, and the appellant discharged the initial burden under section 6A by producing documents and Form F declarations. The CESTAT erred in relying on pre-agreement material to characterise later movements as sales, so the post-01.08.1995 turnover was held to be consignment sales and the contrary assessment was set aside. The enhanced penalty based on that finding also fell away, while the reduced penalty on the remaining tax difference was maintained.
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