Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Illegal removal of a seized container and substitution through forged gate passes was treated as a serious breach of HCCAR supervision and customs compliance, but revocation of custodianship was held to be a disproportionate response. The Tribunal noted recovery of the goods, police findings showing no material against management, cooperation with investigation, and corrective measures taken thereafter. It upheld penalty for the violations but declined the severest consequence of revocation. On vicarious liability, it held that employee misconduct alone, without evidence of knowledge, connivance or conscious facilitation by management, could not justify revocation, and the Department failed to show grounds for appellate interference.
Illegal removal of a seized container and substitution through forged gate passes was treated as a serious breach of HCCAR supervision and customs compliance, but revocation of custodianship was held to be a disproportionate response. The Tribunal noted recovery of the goods, police findings showing no material against management, cooperation with investigation, and corrective measures taken thereafter. It upheld penalty for the violations but declined the severest consequence of revocation. On vicarious liability, it held that employee misconduct alone, without evidence of knowledge, connivance or conscious facilitation by management, could not justify revocation, and the Department failed to show grounds for appellate interference.
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