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 revocation of Customs Broker License and forfeiture of security deposit due to violation of Regulations 10(d) and 10(n) of CBLR, 2018. The broker failed to properly verify KYC documents, accepting them from third parties without direct verification of exporter/importer addresses. The tribunal found that mere possession of documents without due diligence in verification constituted a serious lapse resulting in revenue loss. The Additional Commissioner's observations regarding CBLR violations were deemed without jurisdiction, however, the primary order revoking the license was confirmed after proper analysis of facts and relevant CBLR provisions. The appeal was dismissed, affirming the broker's failure to meet statutory obligations.
CESTAT upheld revocation of Customs Broker License and forfeiture of security deposit due to violation of Regulations 10(d) and 10(n) of CBLR, 2018. The broker failed to properly verify KYC documents, accepting them from third parties without direct verification of exporter/importer addresses. The tribunal found that mere possession of documents without due diligence in verification constituted a serious lapse resulting in revenue loss. The Additional Commissioner's observations regarding CBLR violations were deemed without jurisdiction, however, the primary order revoking the license was confirmed after proper analysis of facts and relevant CBLR provisions. The appeal was dismissed, affirming the broker's failure to meet statutory obligations.
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