Statutory refund interest requires correction of short computation and compensation where admitted interest remains unpaid through administrative dela...
Page of 4788
Press 'Enter' after typing page number.
741 to 760 of 95749 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Customs penalty on company officers turned on whether acts or omissions rendered goods liable to confiscation and whether the officers acted personally or only in their official capacity. The Tribunal's reduction of the Chairman and Managing Director's penalty was upheld because liability under Sections 112 and 114 remained intact and moderation of quantum was a factual exercise, not a substantial question of law absent perversity. Penalty on the other officers was also sustained as having been correctly set aside, since they were found to be employees acting on company instructions with no personal dealings in the goods; that factual finding justified non-imposition of personal penalty. Appeals were dismissed.
Customs penalty on company officers turned on whether acts or omissions rendered goods liable to confiscation and whether the officers acted personally or only in their official capacity. The Tribunal's reduction of the Chairman and Managing Director's penalty was upheld because liability under Sections 112 and 114 remained intact and moderation of quantum was a factual exercise, not a substantial question of law absent perversity. Penalty on the other officers was also sustained as having been correctly set aside, since they were found to be employees acting on company instructions with no personal dealings in the goods; that factual finding justified non-imposition of personal penalty. Appeals were dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4788
Join Channel
TaxTMI 
