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Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
The CESTAT erred in holding the appellant vicariously liable despite finding no contravention of Regulations 10(a), (d), (e), (m), and (n) of the Customs Broker Licensing Regulations (CBLR) 2018. Once the CESTAT concluded that the charges against the appellant under these regulations were without merit, the question of vicarious liability should not have arisen. The High Court ruled in favor of the appellant, setting aside the imposition of penalty based on vicarious liability when no substantive violation was established.
The CESTAT erred in holding the appellant vicariously liable despite finding no contravention of Regulations 10(a), (d), (e), (m), and (n) of the Customs Broker Licensing Regulations (CBLR) 2018. Once the CESTAT concluded that the charges against the appellant under these regulations were without merit, the question of vicarious liability should not have arisen. The High Court ruled in favor of the appellant, setting aside the imposition of penalty based on vicarious liability when no substantive violation was established.
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