Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
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The case before CESTAT Chennai involved the recovery of short-paid excise duty, interest, and penalty, focusing on the admissibility of electronic evidence obtained during previous proceedings for a different company. The key issues included compliance with Section 36B of the Central Excise Act, 1944, quantification of demand based on cash to invoice value, and alleged suppression of facts. The tribunal found that the electronic evidence did not comply with Section 36B, rendering it inadmissible. Additionally, the method of quantifying duty based on dealer prices from different regions was deemed inappropriate. Ultimately, the demand for duty, interest, and penalties was not sustained, and the appeal was allowed.
The case before CESTAT Chennai involved the recovery of short-paid excise duty, interest, and penalty, focusing on the admissibility of electronic evidence obtained during previous proceedings for a different company. The key issues included compliance with Section 36B of the Central Excise Act, 1944, quantification of demand based on cash to invoice value, and alleged suppression of facts. The tribunal found that the electronic evidence did not comply with Section 36B, rendering it inadmissible. Additionally, the method of quantifying duty based on dealer prices from different regions was deemed inappropriate. Ultimately, the demand for duty, interest, and penalties was not sustained, and the appeal was allowed.
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