Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
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CESTAT held that imported Christmas lights could not be reassessed on NIDB data alone. The Department had not shown valid reasons to reject the declared transaction value or followed the prescribed customs valuation procedure, so selective enhancement of value was unsustainable. Relying on its earlier ruling, the Tribunal upheld the Commissioner (Appeals)' direction to assess the goods at the declared invoice value and dismissed the Revenue's appeal.
CESTAT held that imported Christmas lights could not be reassessed on NIDB data alone. The Department had not shown valid reasons to reject the declared transaction value or followed the prescribed customs valuation procedure, so selective enhancement of value was unsustainable. Relying on its earlier ruling, the Tribunal upheld the Commissioner (Appeals)' direction to assess the goods at the declared invoice value and dismissed the Revenue's appeal.
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