Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Professional mis-conduct by CA - The NFRA held the individual guilty of professional misconduct under relevant sections of the Companies Act and imposed penalties. The appeal primarily raised concerns about the violation of natural justice due to the alleged non-provision of documents with the show cause notice. However, the Tribunal rejected this argument, citing the appellant's reliance on the firm's reply, which contained the necessary documents. - The Tribunal emphasized that by endorsing the firm's response as their own, the appellant waived the need for separate documents and hence dismissed the appeal.
Professional mis-conduct by CA - The NFRA held the individual guilty of professional misconduct under relevant sections of the Companies Act and imposed penalties. The appeal primarily raised concerns about the violation of natural justice due to the alleged non-provision of documents with the show cause notice. However, the Tribunal rejected this argument, citing the appellant's reliance on the firm's reply, which contained the necessary documents. - The Tribunal emphasized that by endorsing the firm's response as their own, the appellant waived the need for separate documents and hence dismissed the appeal.
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