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...
Duty Drawback claim rejected for non-Basmati Rice export, appellant argued not filing drawback shipping bill due to reasons beyond control. Tribunal held Commissioner has discretion to allow claim despite free shipping bill if exporter unable to file drawback bill for uncontrollable reasons. Appellant's counsel explained confusion caused by Notification listing Cereals, constituting valid ground for not filing drawback bill. Board Circular binding on Department. Commissioner erred in not exercising discretion judiciously. Impugned order set aside, appeal allowed.
Duty Drawback claim rejected for non-Basmati Rice export, appellant argued not filing drawback shipping bill due to reasons beyond control. Tribunal held Commissioner has discretion to allow claim despite free shipping bill if exporter unable to file drawback bill for uncontrollable reasons. Appellant's counsel explained confusion caused by Notification listing Cereals, constituting valid ground for not filing drawback bill. Board Circular binding on Department. Commissioner erred in not exercising discretion judiciously. Impugned order set aside, appeal allowed.
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