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...
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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 HC dismissed the petition challenging the order of the Settlement Commission imposing interest on delayed payment of customs duties under a valid notification. The petitioners had availed duty exemption on import subject to export obligations which were not satisfied. The HC upheld the constitutional validity of the notification stipulating payment of interest on duties payable from the date of clearance if export obligations were not met, as the exemption was conditional. The order imposing interest as per the notification's terms was a valid settlement that must be accepted in its entirety.
The HC dismissed the petition challenging the order of the Settlement Commission imposing interest on delayed payment of customs duties under a valid notification. The petitioners had availed duty exemption on import subject to export obligations which were not satisfied. The HC upheld the constitutional validity of the notification stipulating payment of interest on duties payable from the date of clearance if export obligations were not met, as the exemption was conditional. The order imposing interest as per the notification's terms was a valid settlement that must be accepted in its entirety.
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