Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
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.
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