Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
Jurisdictional facts in certificate-of-origin discrepancies can support customs show-cause proceedings, leaving factual explanations for departmental ...
Market value for captive electricity consumption follows industrial consumer tariffs, supporting profit computation for the power generation deduction...
Levy of penalty on Customs Broker - The tribunal concluded that the classification is a question of law and cannot be treated as misdeclaration or misstatement. Therefore, it was held that imposing a penalty on the appellant for the violation of Regulation 10 (d) and 10(e) of CBLR 2018 was not legally sustainable. Consequently, the tribunal set aside the penalty imposed on the appellant.
Levy of penalty on Customs Broker - The tribunal concluded that the classification is a question of law and cannot be treated as misdeclaration or misstatement. Therefore, it was held that imposing a penalty on the appellant for the violation of Regulation 10 (d) and 10(e) of CBLR 2018 was not legally sustainable. Consequently, the tribunal set aside the penalty imposed on the appellant.
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