Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
The Customs, Excise and Service Tax Appellate Tribunal set aside the impugned order, allowing the appeal. The Tribunal held that the findings regarding breach of Regulations 10(d) and 10(n) of the Customs Brokers Licensing Regulations, 2018, were incorrect and lacked factual or legal basis. The charge of failure to discharge duties as a customs broker without delay was also incorrectly construed. Consequently, the revocation of the customs broker's license, forfeiture of security deposit, and imposition of penalty were set aside.
The Customs, Excise and Service Tax Appellate Tribunal set aside the impugned order, allowing the appeal. The Tribunal held that the findings regarding breach of Regulations 10(d) and 10(n) of the Customs Brokers Licensing Regulations, 2018, were incorrect and lacked factual or legal basis. The charge of failure to discharge duties as a customs broker without delay was also incorrectly construed. Consequently, the revocation of the customs broker's license, forfeiture of security deposit, and imposition of penalty were set aside.
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