Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
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CESTAT adjudicated a customs dispute involving 37.34 kg of saffron, finding procedural irregularities in stock verification. The tribunal rejected confiscation based on balance sheet assumptions, emphasizing the need for physical stock records. While identifying lapses in stock maintenance by the appellant, the tribunal partially modified penalties. The order reduced penalties under Sections 114A and 112(b)(ii), imposing a token penalty of Rs. 50,000 under Section 117 for improper record-keeping. The tribunal ultimately held that stock verification must rely on actual physical records rather than presumptive calculations, thereby partially allowing the appellant's challenge to the original customs order.
CESTAT adjudicated a customs dispute involving 37.34 kg of saffron, finding procedural irregularities in stock verification. The tribunal rejected confiscation based on balance sheet assumptions, emphasizing the need for physical stock records. While identifying lapses in stock maintenance by the appellant, the tribunal partially modified penalties. The order reduced penalties under Sections 114A and 112(b)(ii), imposing a token penalty of Rs. 50,000 under Section 117 for improper record-keeping. The tribunal ultimately held that stock verification must rely on actual physical records rather than presumptive calculations, thereby partially allowing the appellant's challenge to the original customs order.
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