Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
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The case involved a penalty u/s 112(B) of the Customs Act, 1962 against an employee of a Customs House Agent (CHA) for allegedly concealing information affecting a bill of entry assessment. The tribunal found no evidence linking the employee to the concealed branded goods in the consignment, nor any indication of his involvement in handling the goods. Goods were confiscated u/s 111(m) due to incorrect declaration, but the employee was not proven aware of the branded products. As a result, the tribunal set aside the penalty, ruling in favor of the appellant.
The case involved a penalty u/s 112(B) of the Customs Act, 1962 against an employee of a Customs House Agent (CHA) for allegedly concealing information affecting a bill of entry assessment. The tribunal found no evidence linking the employee to the concealed branded goods in the consignment, nor any indication of his involvement in handling the goods. Goods were confiscated u/s 111(m) due to incorrect declaration, but the employee was not proven aware of the branded products. As a result, the tribunal set aside the penalty, ruling in favor of the appellant.
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