Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Revocation of CHA License - appellant failed to verify the address at which the two clients operated and that requirement of ‘know your customer (KYC)’ was entirely different - The appellant was accused of breaching obligations related to verifying client identity and operations at the declared address. Despite the appellant's argument of compliance with KYC norms and reliance on precedent, the tribunal found that they failed to exercise due diligence in verifying client antecedents, especially in the diamond trade. While setting aside certain penalties, the tribunal upheld the forfeiture of the security deposit, emphasizing the importance of regulatory compliance and diligence in customs brokerage.
Revocation of CHA License - appellant failed to verify the address at which the two clients operated and that requirement of ‘know your customer (KYC)’ was entirely different - The appellant was accused of breaching obligations related to verifying client identity and operations at the declared address. Despite the appellant's argument of compliance with KYC norms and reliance on precedent, the tribunal found that they failed to exercise due diligence in verifying client antecedents, especially in the diamond trade. While setting aside certain penalties, the tribunal upheld the forfeiture of the security deposit, emphasizing the importance of regulatory compliance and diligence in customs brokerage.
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