Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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CESTAT overturned the Commissioner's decision to revoke a Customs Broker License and forfeit security deposit. The dispute centered on an allegedly forged rent agreement for the broker's business premises. While the Commissioner relied heavily on landlord's denial of signing the agreement, CESTAT found insufficient grounds for license revocation under Regulation 10(k) of Customs Brokers Licensing Regulations 2018. The Tribunal noted the premises had been registered since 1991 with regular license renewals, and the Commissioner failed to conduct physical verification before concluding document forgery. The revocation of license, security deposit forfeiture, and Rs. 50,000 penalty were set aside. CESTAT clarified that Regulation 10(k) pertains to record-keeping violations, not premises verification issues.
CESTAT overturned the Commissioner's decision to revoke a Customs Broker License and forfeit security deposit. The dispute centered on an allegedly forged rent agreement for the broker's business premises. While the Commissioner relied heavily on landlord's denial of signing the agreement, CESTAT found insufficient grounds for license revocation under Regulation 10(k) of Customs Brokers Licensing Regulations 2018. The Tribunal noted the premises had been registered since 1991 with regular license renewals, and the Commissioner failed to conduct physical verification before concluding document forgery. The revocation of license, security deposit forfeiture, and Rs. 50,000 penalty were set aside. CESTAT clarified that Regulation 10(k) pertains to record-keeping violations, not premises verification issues.
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