Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
The Calcutta High Court considered a case involving the clandestine removal of wire rods and the levy of a penalty under Rule 26 of the Central Excise Rules, 2002. The court noted the lack of specific findings on the confiscable nature of the goods and the failure to follow a previous order. The appellant provided details of brokers and transporters involved. The tribunal found the penalty justified based on various evidence, including computerized records and statements. The appellate authority upheld the penalty, considering the lack of invoice evidence and rejecting a belated retraction. The court referred to the Supreme Court decision on voluntary confessional statements. The tribunal affirmed the findings, distinguishing a previous case. Ultimately, the court found no substantial legal questions, leading to the dismissal of the appeal.
The Calcutta High Court considered a case involving the clandestine removal of wire rods and the levy of a penalty under Rule 26 of the Central Excise Rules, 2002. The court noted the lack of specific findings on the confiscable nature of the goods and the failure to follow a previous order. The appellant provided details of brokers and transporters involved. The tribunal found the penalty justified based on various evidence, including computerized records and statements. The appellate authority upheld the penalty, considering the lack of invoice evidence and rejecting a belated retraction. The court referred to the Supreme Court decision on voluntary confessional statements. The tribunal affirmed the findings, distinguishing a previous case. Ultimately, the court found no substantial legal questions, leading to the dismissal of the appeal.
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