Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
Valuation - Export of Carpets and threading bars - Mis-declaration of description and value - The Tribunal found that while the carpets were misdeclared and subject to confiscation, the threading bars were not misdeclared. The redetermined value was set aside due to lack of evidence from the department to counter procurement documents provided by the respondent. The reduction of redemption fine and penalty was partially upheld considering the admitted misdeclaration by the respondent.
Valuation - Export of Carpets and threading bars - Mis-declaration of description and value - The Tribunal found that while the carpets were misdeclared and subject to confiscation, the threading bars were not misdeclared. The redetermined value was set aside due to lack of evidence from the department to counter procurement documents provided by the respondent. The reduction of redemption fine and penalty was partially upheld considering the admitted misdeclaration by the respondent.
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