Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
