Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
The CESTAT allowed the appeal and set aside the penalties imposed u/s 114A of the Customs Act. The Tribunal held that penalty u/s 114A can only be imposed when duty is payable. In this case, the duty was payable by M/s. BGH Exim Ltd (seller of goods), which had already been paid and settled under the Settlement Commission. Furthermore, the demand in the show cause notice proposing joint and several liability for duty on M/s. BGH Exim Ltd and the appellants was legally untenable, as duty cannot be demanded jointly and severally. Since the duty was confirmed only against M/s. BGH Exim Ltd, there was no reason to impose penalty u/s 114A on the appellants.
The CESTAT allowed the appeal and set aside the penalties imposed u/s 114A of the Customs Act. The Tribunal held that penalty u/s 114A can only be imposed when duty is payable. In this case, the duty was payable by M/s. BGH Exim Ltd (seller of goods), which had already been paid and settled under the Settlement Commission. Furthermore, the demand in the show cause notice proposing joint and several liability for duty on M/s. BGH Exim Ltd and the appellants was legally untenable, as duty cannot be demanded jointly and severally. Since the duty was confirmed only against M/s. BGH Exim Ltd, there was no reason to impose penalty u/s 114A on the appellants.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4811 
Join Channel 
