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...
Short payment of Central Excise Duty - The Appellate Tribunal concluded that central excise duty is leviable only on excisable goods manufactured or produced in India, as per the Central Excise Act. Duty is not contingent on receipt of payment but on the removal of goods, to be paid by the sixth day of the following month. The Tribunal found that the department's demand based on amounts received was erroneous, as duty can only be charged on the manufactured goods.
Short payment of Central Excise Duty - The Appellate Tribunal concluded that central excise duty is leviable only on excisable goods manufactured or produced in India, as per the Central Excise Act. Duty is not contingent on receipt of payment but on the removal of goods, to be paid by the sixth day of the following month. The Tribunal found that the department's demand based on amounts received was erroneous, as duty can only be charged on the manufactured goods.
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