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 case involved under-valuation of imported perfumes and deodorants, leading to evasion of duty and mis-declaration of Maximum Retail Price (MRP). The issue was whether the value declared in the Bills of Entry (B/Es) should be accepted as the transaction value for Customs duty payment. The Tribunal held that the value declared in the B/Es, based on invoices from the overseas supplier, should be considered the transaction value. Rejecting the department's attempt to use MRP for valuation, it emphasized determining transaction value based on documents exchanged between parties. The Tribunal also found that the appellants, as importers and wholesalers, complied with relevant statutes and set aside all demands and penalties imposed on them.
The case involved under-valuation of imported perfumes and deodorants, leading to evasion of duty and mis-declaration of Maximum Retail Price (MRP). The issue was whether the value declared in the Bills of Entry (B/Es) should be accepted as the transaction value for Customs duty payment. The Tribunal held that the value declared in the B/Es, based on invoices from the overseas supplier, should be considered the transaction value. Rejecting the department's attempt to use MRP for valuation, it emphasized determining transaction value based on documents exchanged between parties. The Tribunal also found that the appellants, as importers and wholesalers, complied with relevant statutes and set aside all demands and penalties imposed on them.
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