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 High Court addressed a case involving the levy of a fiscal penalty of Rs. 1,00,00,000/- under the EPCG Scheme for failure to submit required documents. The petitioner failed to meet export obligations and maintain Annual Average, using duplicated bills. The penalty was imposed under the Foreign Trade Act, with appeal provisions. The petitioner directly approached the High Court under Article 226 of the Constitution without exhausting the appeal remedy. The Court found the petition lacking in merit and dismissed it.
The High Court addressed a case involving the levy of a fiscal penalty of Rs. 1,00,00,000/- under the EPCG Scheme for failure to submit required documents. The petitioner failed to meet export obligations and maintain Annual Average, using duplicated bills. The penalty was imposed under the Foreign Trade Act, with appeal provisions. The petitioner directly approached the High Court under Article 226 of the Constitution without exhausting the appeal remedy. The Court found the petition lacking in merit and dismissed it.
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