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 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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