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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Appellant had close business relationship with kingpin/mastermind, admitted being employee of CHA firm involved in case, facilitated seeking office for mastermind, visited his residence, knew his business contacts. Evidence shows appellant was in direct touch with key conspirator, knowingly associated with him for smooth clearance of attempted export. Appellant's plea of acting as commission agent lacks substance. He procured consignment, handed over documents to Customs Broker for clearance, was in constant touch with unreachable mastermind and associates working at Indo-Nepal border. Appellant's complicity and nexus undisputed, played middleman role for monetary considerations between perpetrators and exporters. Penalties imposed not commensurate with appellant's role, reduced to Rs.1,00,000 to meet ends of justice. Appeal partly allowed.
Appellant had close business relationship with kingpin/mastermind, admitted being employee of CHA firm involved in case, facilitated seeking office for mastermind, visited his residence, knew his business contacts. Evidence shows appellant was in direct touch with key conspirator, knowingly associated with him for smooth clearance of attempted export. Appellant's plea of acting as commission agent lacks substance. He procured consignment, handed over documents to Customs Broker for clearance, was in constant touch with unreachable mastermind and associates working at Indo-Nepal border. Appellant's complicity and nexus undisputed, played middleman role for monetary considerations between perpetrators and exporters. Penalties imposed not commensurate with appellant's role, reduced to Rs.1,00,000 to meet ends of justice. Appeal partly allowed.
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