Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Alleged professional misconduct by auditors involving diversion of funds, understatement of diverted funds, evergreening of loans through fund circulation, fraudulent understatements, lapses in risk assessment, and omissions and commissions. Auditors failed to report fraudulent transactions, resulting in misstated financial statements lacking true and fair view. Lack of professional skepticism, failure to address contradictory evidence, and non-compliance with auditing standards and quality control requirements. Auditors committed professional misconduct by failing to disclose material facts, report misstatements, exercise due diligence, obtain sufficient information, and invite attention to material departures from auditing procedures. Monetary penalties imposed on audit firm and individual auditors, and debarment of auditors from audit assignments for specified periods for proved professional misconduct detrimental to public interest.
Alleged professional misconduct by auditors involving diversion of funds, understatement of diverted funds, evergreening of loans through fund circulation, fraudulent understatements, lapses in risk assessment, and omissions and commissions. Auditors failed to report fraudulent transactions, resulting in misstated financial statements lacking true and fair view. Lack of professional skepticism, failure to address contradictory evidence, and non-compliance with auditing standards and quality control requirements. Auditors committed professional misconduct by failing to disclose material facts, report misstatements, exercise due diligence, obtain sufficient information, and invite attention to material departures from auditing procedures. Monetary penalties imposed on audit firm and individual auditors, and debarment of auditors from audit assignments for specified periods for proved professional misconduct detrimental to public interest.
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