Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) allowed the appeal and set aside the impugned order. The Tribunal held that the Commissioner of Customs (Appeals) lacked jurisdiction to entertain the appeal prematurely before the proper officer finalized the differential duties of customs for each bill of entry u/s 18(2) of the Customs Act, 1962. The premature disposal by the Commissioner was incorrect, and the lack of jurisdiction infected the decision on merits, necessitating the invalidation of the order.
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) allowed the appeal and set aside the impugned order. The Tribunal held that the Commissioner of Customs (Appeals) lacked jurisdiction to entertain the appeal prematurely before the proper officer finalized the differential duties of customs for each bill of entry u/s 18(2) of the Customs Act, 1962. The premature disposal by the Commissioner was incorrect, and the lack of jurisdiction infected the decision on merits, necessitating the invalidation of the order.
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