Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
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Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
HC dismissed the appeal, upholding penalties against the appellant for customs duty evasion. The court found the appellant's claims of merely lending his Importer Exporter Code (IEC) to be unsubstantiated. Despite alleging lack of cross-examination opportunity, the court determined the appellant deliberately attempted to evade facts and was complicit with Mr. Rajat Arora in fraudulent import transactions. The appellant was deemed responsible for misuse of his IEC registration and acting in concert with the co-conspirator. Consequently, the original penalties and amounts imposed were confirmed, and the appeal was rejected.
HC dismissed the appeal, upholding penalties against the appellant for customs duty evasion. The court found the appellant's claims of merely lending his Importer Exporter Code (IEC) to be unsubstantiated. Despite alleging lack of cross-examination opportunity, the court determined the appellant deliberately attempted to evade facts and was complicit with Mr. Rajat Arora in fraudulent import transactions. The appellant was deemed responsible for misuse of his IEC registration and acting in concert with the co-conspirator. Consequently, the original penalties and amounts imposed were confirmed, and the appeal was rejected.
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