Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
Levy of Penalty on Customs Broker - pre-condition to restore the license - The case revolves around a Customs Broker who handled the clearance of household goods without obtaining proper authorization from the importer/exporter. The appellant claimed to have undertaken the formalities in good faith at the behest of the importer, while the department alleged violations of Customs Brokers Licensing Regulations. The CESTAT, after considering the submissions and evidence, found the department's case hyper-technical and set aside the penalty imposed on the appellant.
Levy of Penalty on Customs Broker - pre-condition to restore the license - The case revolves around a Customs Broker who handled the clearance of household goods without obtaining proper authorization from the importer/exporter. The appellant claimed to have undertaken the formalities in good faith at the behest of the importer, while the department alleged violations of Customs Brokers Licensing Regulations. The CESTAT, after considering the submissions and evidence, found the department's case hyper-technical and set aside the penalty imposed on the appellant.
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