Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
The Appellate Tribunal addressed the issue of determining assessable value u/s 4 of the Central Excise Act, 1944, including landed cost and processing charges. Citing Supreme Court precedent and CBEC circulars, duty was upheld based on landed cost. The Tribunal noted that the selling price at times exceeded landed cost, with duty paid on the higher value. Regarding time limitation, the Tribunal found no suppression of facts as the appellant regularly submitted required documents. Referring to a Supreme Court case, it was held that invoking the proviso to Section 11A requires evidence of fraud or willful evasion, which was not present. The order confirmed duty for the normal period only, partially allowing the appeal.
The Appellate Tribunal addressed the issue of determining assessable value u/s 4 of the Central Excise Act, 1944, including landed cost and processing charges. Citing Supreme Court precedent and CBEC circulars, duty was upheld based on landed cost. The Tribunal noted that the selling price at times exceeded landed cost, with duty paid on the higher value. Regarding time limitation, the Tribunal found no suppression of facts as the appellant regularly submitted required documents. Referring to a Supreme Court case, it was held that invoking the proviso to Section 11A requires evidence of fraud or willful evasion, which was not present. The order confirmed duty for the normal period only, partially allowing the appeal.
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