Transfer pricing comparables and adjustments: Tribunal revisits loss-maker status, segmental comparability, working capital relief, and risk allocatio...
Business expenditure disallowance failed where commission, related-party salary and promotion payments were supported by records and inquiry was inade...
The case involves imposition of penalty on a Customs House Agent (CHA) u/s 114 (iii) of the Customs Act 1962 for misusing drawback benefit through fraudulent exports. The appellant was not directly involved in illegal activities. The Tribunal, considering a similar case, reduced penalty from Rs.3,00,000/- to Rs.75,000/- as there was no evidence of the appellant benefiting from the fraud. The penalty on the appellant is reduced to Rs.75,000/- from Rs.3,00,000/-. The appeal is partly allowed.
The case involves imposition of penalty on a Customs House Agent (CHA) u/s 114 (iii) of the Customs Act 1962 for misusing drawback benefit through fraudulent exports. The appellant was not directly involved in illegal activities. The Tribunal, considering a similar case, reduced penalty from Rs.3,00,000/- to Rs.75,000/- as there was no evidence of the appellant benefiting from the fraud. The penalty on the appellant is reduced to Rs.75,000/- from Rs.3,00,000/-. The appeal is partly allowed.
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