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...
The case involves a dispute u/s Customs Act regarding remission of duty for goods lost in a fire in an SEZ. The tribunal held that loss of goods in fire does not constitute non-utilization for authorized operations. Citing a similar case, it concluded that goods destroyed in a foreign territory are not subject to customs duty. The tribunal rejected the application of remission citing incorrect application of Customs Act provisions to SEZ Act. It found the demand for duty on entire stock post-fire unjustified, as evidence showed not all goods were destroyed. The impugned order was set aside, and the appeal was allowed.
The case involves a dispute u/s Customs Act regarding remission of duty for goods lost in a fire in an SEZ. The tribunal held that loss of goods in fire does not constitute non-utilization for authorized operations. Citing a similar case, it concluded that goods destroyed in a foreign territory are not subject to customs duty. The tribunal rejected the application of remission citing incorrect application of Customs Act provisions to SEZ Act. It found the demand for duty on entire stock post-fire unjustified, as evidence showed not all goods were destroyed. The impugned order was set aside, and the appeal was allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
