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...
CESTAT upheld absolute confiscation of two gold biscuits bearing foreign markings (VALCAMBI SUSSIE). Appellant failed to discharge burden of proof under Section 123 of Customs Act, 1962 to establish legitimate acquisition. Department's reasonable belief of smuggled goods was sufficiently established through foreign markings, lack of supporting documentation, and contradictory statements between appellant and alleged parties involved. Appellant claimed receiving funds from P. Radha Krishna for purchasing gold from Ashok Kumar, but Radha Krishna denied involvement, and Kumar failed to respond to summons. Testing by recognized agency confirmed authenticity. Tribunal found no procedural irregularities and dismissed appeal, maintaining confiscation order and penalties.
CESTAT upheld absolute confiscation of two gold biscuits bearing foreign markings (VALCAMBI SUSSIE). Appellant failed to discharge burden of proof under Section 123 of Customs Act, 1962 to establish legitimate acquisition. Department's reasonable belief of smuggled goods was sufficiently established through foreign markings, lack of supporting documentation, and contradictory statements between appellant and alleged parties involved. Appellant claimed receiving funds from P. Radha Krishna for purchasing gold from Ashok Kumar, but Radha Krishna denied involvement, and Kumar failed to respond to summons. Testing by recognized agency confirmed authenticity. Tribunal found no procedural irregularities and dismissed appeal, maintaining confiscation order and penalties.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
