Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Penalty imposed for import of chemicals using fake duty exemption licenses. Appellant claimed exemption under DEPB but used fake licenses and TRAs. Statement of witness Chandran retracted, no nexus established between brokers and imported goods. No finding of fraudulent conduct by Appellant. Tribunal considered relevant facts, reduced penalty from Rs. 5 lakhs to Rs. 3 lakhs based on evidence. HC upheld Tribunal's factual findings and conclusions, dismissed appeal.
Penalty imposed for import of chemicals using fake duty exemption licenses. Appellant claimed exemption under DEPB but used fake licenses and TRAs. Statement of witness Chandran retracted, no nexus established between brokers and imported goods. No finding of fraudulent conduct by Appellant. Tribunal considered relevant facts, reduced penalty from Rs. 5 lakhs to Rs. 3 lakhs based on evidence. HC upheld Tribunal's factual findings and conclusions, dismissed appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
