Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
Preventive suspension requires an immediate continuing threat and cannot become indefinite without inquiry, fresh evidence, or proportionate safeguard...
Cancellation of private bonded warehouse license u/s 58B of Customs Act, 1962 due to non-compliance with CBIC Circular No. 34/2019 regarding mentioning licensed premises as principal or additional place of business in GST registration, non-submission of documents on online portal, and non-importation or manufacturing activity for 9 months. Held: Typographical error in mentioning wrong address curable, not registering on portal due to ignorance curable, non-operation not a violation. Penalty on appellant reduced to Rs. 50,000, license restored upon payment, address corrected. Penalties on individuals set aside. Appeal allowed.
Cancellation of private bonded warehouse license u/s 58B of Customs Act, 1962 due to non-compliance with CBIC Circular No. 34/2019 regarding mentioning licensed premises as principal or additional place of business in GST registration, non-submission of documents on online portal, and non-importation or manufacturing activity for 9 months. Held: Typographical error in mentioning wrong address curable, not registering on portal due to ignorance curable, non-operation not a violation. Penalty on appellant reduced to Rs. 50,000, license restored upon payment, address corrected. Penalties on individuals set aside. Appeal allowed.
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