TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
The case involves misdeclaration of imported goods as display cabinets instead of freezers. The appellant paid differential duty but later claimed it was under pressure for early release. The goods were found to be freezers, not display cabinets. No evidence was provided to refute misdeclaration. The appellant failed to provide manufacturer invoice. The appeal was dismissed due to lack of prosecution and presence of the appellant. The order was upheld by CESTAT, the Appellate Tribunal.
The case involves misdeclaration of imported goods as display cabinets instead of freezers. The appellant paid differential duty but later claimed it was under pressure for early release. The goods were found to be freezers, not display cabinets. No evidence was provided to refute misdeclaration. The appellant failed to provide manufacturer invoice. The appeal was dismissed due to lack of prosecution and presence of the appellant. The order was upheld by CESTAT, the Appellate Tribunal.
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