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...
Interim suspension of the operation of Customs Broker's License - As the respondents could able to establish factually that the offence report was communicated to the License Issuing Authority on 01.07.2016, the action initiated by issuing interim suspension order and show cause notice dated 28.09.2016 are well within the period of limitation as contemplated under the Regulations and there is no infirmity as such - However, the interim order of suspension issued need not be given effect to as the petitioner is operating continuously for about 4 ½ years, after the issuance of interim suspension order. - HC
Interim suspension of the operation of Customs Broker's License - As the respondents could able to establish factually that the offence report was communicated to the License Issuing Authority on 01.07.2016, the action initiated by issuing interim suspension order and show cause notice dated 28.09.2016 are well within the period of limitation as contemplated under the Regulations and there is no infirmity as such - However, the interim order of suspension issued need not be given effect to as the petitioner is operating continuously for about 4 ½ years, after the issuance of interim suspension order. - HC
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