Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
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...
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The case involves the revocation of a Customs Broker License due to the licensee's involvement in fraudulent export activities for wrongful IGST refund claims. The licensee violated various provisions of the Customs Broker Licensing Regulations, 2018. The Appellate Tribunal found that the licensee failed to act diligently despite knowledge of illegal exports, contravening Regulation 10(m) of the CBLR. Reference was made to previous court decisions emphasizing the duty of Customs Brokers to safeguard the interests of importers and Customs. The licensee's actions were deemed serious misconduct justifying the license revocation. The appeal was dismissed, and the impugned order was upheld.
The case involves the revocation of a Customs Broker License due to the licensee's involvement in fraudulent export activities for wrongful IGST refund claims. The licensee violated various provisions of the Customs Broker Licensing Regulations, 2018. The Appellate Tribunal found that the licensee failed to act diligently despite knowledge of illegal exports, contravening Regulation 10(m) of the CBLR. Reference was made to previous court decisions emphasizing the duty of Customs Brokers to safeguard the interests of importers and Customs. The licensee's actions were deemed serious misconduct justifying the license revocation. The appeal was dismissed, and the impugned order was upheld.
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