Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The CESTAT allowed the appeal. The department wrongly rejected the declared assessable value of imports under four Bills of Entry. The re-determined value was unacceptable. The differential duty of Rs. 9,60,376/-, order of confiscation, and penalties were set aside. The appellant's statement, allegedly obtained under coercion, could not be solely relied upon to prove undervaluation in the absence of evidence of comparable imports. Principles of natural justice were violated by the ex-parte decision rejecting the declared value without sufficient evidence.
The CESTAT allowed the appeal. The department wrongly rejected the declared assessable value of imports under four Bills of Entry. The re-determined value was unacceptable. The differential duty of Rs. 9,60,376/-, order of confiscation, and penalties were set aside. The appellant's statement, allegedly obtained under coercion, could not be solely relied upon to prove undervaluation in the absence of evidence of comparable imports. Principles of natural justice were violated by the ex-parte decision rejecting the declared value without sufficient evidence.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
