Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
CESTAT adjudicated a dispute regarding duty calculation for tobacco packing machines. The tribunal determined that the appellant is liable to pay duty under the 4th Proviso of Rule 9 of the Chewing Tobacco and Unmanufactured Tobacco Packing Machines (Capacity Determination and Collection of Duty) Rules, 2010. The court held that duty is payable for the specific period of machine usage, with abatement granted for non-production periods exceeding 15 days. The enhanced duty rate from 17.03.2012 was deemed inapplicable as production had ceased before this date. Consequently, no additional duty demand was sustainable against the appellant, and the appeal was disposed of with the appellant's existing duty payment deemed satisfactory.
CESTAT adjudicated a dispute regarding duty calculation for tobacco packing machines. The tribunal determined that the appellant is liable to pay duty under the 4th Proviso of Rule 9 of the Chewing Tobacco and Unmanufactured Tobacco Packing Machines (Capacity Determination and Collection of Duty) Rules, 2010. The court held that duty is payable for the specific period of machine usage, with abatement granted for non-production periods exceeding 15 days. The enhanced duty rate from 17.03.2012 was deemed inapplicable as production had ceased before this date. Consequently, no additional duty demand was sustainable against the appellant, and the appeal was disposed of with the appellant's existing duty payment deemed satisfactory.
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TaxTMI 
TaxTMI 
of 4918 
