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 held that the customs broker fulfilled verification obligations under Regulation 10(n) by validating IEC and GSTIN through online portals and official documents. The broker is not required to continuously monitor client operations or investigate potential fraud beyond initial document verification. The presumption of authenticity applies to government-issued certificates per Section 79 of Evidence Act. The broker's responsibility is limited to initial address verification, and subsequent client relocation or misrepresentation cannot be attributed to the broker. The appellate tribunal set aside the impugned order, allowing the appeal and finding no violation of regulatory requirements by the customs broker.
CESTAT held that the customs broker fulfilled verification obligations under Regulation 10(n) by validating IEC and GSTIN through online portals and official documents. The broker is not required to continuously monitor client operations or investigate potential fraud beyond initial document verification. The presumption of authenticity applies to government-issued certificates per Section 79 of Evidence Act. The broker's responsibility is limited to initial address verification, and subsequent client relocation or misrepresentation cannot be attributed to the broker. The appellate tribunal set aside the impugned order, allowing the appeal and finding no violation of regulatory requirements by the customs broker.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
