PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Customs authority confiscated imported old and used worn clothing for failure to comply with licensing requirements. The Tribunal upheld confiscation u/s 111(d) of Customs Act, 1962. However, considering the negligible scope for ascertainment, the Tribunal reduced redemption fine to 10% of assessed value and penalty to 5%, finding it sufficient to meet the ends of justice. The order of Commissioner (Appeals) confirming redemption fine and penalty at these reduced rates was upheld, and the Revenue's appeal was dismissed as there was no infirmity in the impugned order.
Customs authority confiscated imported old and used worn clothing for failure to comply with licensing requirements. The Tribunal upheld confiscation u/s 111(d) of Customs Act, 1962. However, considering the negligible scope for ascertainment, the Tribunal reduced redemption fine to 10% of assessed value and penalty to 5%, finding it sufficient to meet the ends of justice. The order of Commissioner (Appeals) confirming redemption fine and penalty at these reduced rates was upheld, and the Revenue's appeal was dismissed as there was no infirmity in the impugned order.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
