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Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Statutory associate-company criteria governed whether the group company required consolidation and related-party disclosures. The Tribunal majority found no prescribed voting threshold, agreement, control, or participation in business decisions; accounting standards could supplement but not override the statutory definition. Consolidation and related-party disclosure contraventions therefore failed. The majority also found the real-estate bulk-sale memoranda and underlying projects genuine, with no proof that common personnel, funding arrangements, accounting differences, or weak finances established a sham scheme, market impact, unlawful gain, or PFUTP violation. Securities-enforcement proceedings were further initiated after inordinate, unexplained delay following completed transactions. The appeals succeeded, penalties were set aside and refundable; the Presiding Officer dissented.
Statutory associate-company criteria governed whether the group company required consolidation and related-party disclosures. The Tribunal majority found no prescribed voting threshold, agreement, control, or participation in business decisions; accounting standards could supplement but not override the statutory definition. Consolidation and related-party disclosure contraventions therefore failed. The majority also found the real-estate bulk-sale memoranda and underlying projects genuine, with no proof that common personnel, funding arrangements, accounting differences, or weak finances established a sham scheme, market impact, unlawful gain, or PFUTP violation. Securities-enforcement proceedings were further initiated after inordinate, unexplained delay following completed transactions. The appeals succeeded, penalties were set aside and refundable; the Presiding Officer dissented.
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