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...
SAFTA - Denial of benefit of Notification No.99/2011-CUS - Importation of the goods from Bangladesh - Edible oils - The Tribunal noted that the certificates of origin had been duly issued and verified by competent Bangladeshi authorities, which the Indian revenue department acknowledged as genuine. It highlighted precedents where certificates of origin issued under trade agreements must be respected unless proven otherwise by the Revenue. The Tribunal found that although the goods imported directly from Malaysia and Indonesia were cheaper, the processing and conversion of crude palm oil to Refined Palm Olein in Bangladesh justified a higher price. The Tribunal accepted the process undertaken in Bangladesh as legitimate and compliant with SAFTA.
SAFTA - Denial of benefit of Notification No.99/2011-CUS - Importation of the goods from Bangladesh - Edible oils - The Tribunal noted that the certificates of origin had been duly issued and verified by competent Bangladeshi authorities, which the Indian revenue department acknowledged as genuine. It highlighted precedents where certificates of origin issued under trade agreements must be respected unless proven otherwise by the Revenue. The Tribunal found that although the goods imported directly from Malaysia and Indonesia were cheaper, the processing and conversion of crude palm oil to Refined Palm Olein in Bangladesh justified a higher price. The Tribunal accepted the process undertaken in Bangladesh as legitimate and compliant with SAFTA.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
