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...
The CESTAT dismissed the Revenue's appeal regarding the determination of export duty on exported iron ore fines. The Tribunal held that the iron content, prior to the amendment effective May 1, 2022, must be calculated on a wet basis following the principles established by the Bombay High Court and affirmed by the Supreme Court. The report from the Central Revenue Control Laboratory (CRCL), Kolkata, pertained to the dry form and was deemed irrelevant. The Tribunal ruled that the test report from the NABL-accredited agency at the load port should prevail over the CRCL report for determining the final iron content and transaction value as per the terms of the contract with the foreign buyer. The Customs officers cannot change the transaction value or the stipulated test report. The CRCL report cannot be used for levying export duty, and there were no allegations of fraud or misdeclaration. The Tribunal upheld the Commissioner (Appeals)'s order, finding no infirmity, and dismissed the Revenue's appeal.
The CESTAT dismissed the Revenue's appeal regarding the determination of export duty on exported iron ore fines. The Tribunal held that the iron content, prior to the amendment effective May 1, 2022, must be calculated on a wet basis following the principles established by the Bombay High Court and affirmed by the Supreme Court. The report from the Central Revenue Control Laboratory (CRCL), Kolkata, pertained to the dry form and was deemed irrelevant. The Tribunal ruled that the test report from the NABL-accredited agency at the load port should prevail over the CRCL report for determining the final iron content and transaction value as per the terms of the contract with the foreign buyer. The Customs officers cannot change the transaction value or the stipulated test report. The CRCL report cannot be used for levying export duty, and there were no allegations of fraud or misdeclaration. The Tribunal upheld the Commissioner (Appeals)'s order, finding no infirmity, and dismissed the Revenue's appeal.
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