Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are estab...
The Tribunal reduced the redemption fine and penalty for importing old clothing. Referring to a previous case, it upheld confiscation due to non-compliance but decreased the fine to 10% of value and penalty to 5%. The imposed 10% fine and 5% penalty were deemed adequate for justice. The Tribunal found no issues with the order and dismissed the Revenue's appeal. CESTAT stands for Appellate Tribunal.
The Tribunal reduced the redemption fine and penalty for importing old clothing. Referring to a previous case, it upheld confiscation due to non-compliance but decreased the fine to 10% of value and penalty to 5%. The imposed 10% fine and 5% penalty were deemed adequate for justice. The Tribunal found no issues with the order and dismissed the Revenue's appeal. CESTAT stands for Appellate Tribunal.
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