Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
CESTAT allowed the appeal, finding that re-determination of customs value for replacement goods was unjustified. The tribunal held that original goods were cleared at declared value, and replacement goods provided free of charge should not trigger valuation reassessment. The department improperly auctioned goods without appellant's knowledge while an appeal was pending. The tribunal directed restoration of sale value and set aside the original order, emphasizing that supplier list price cannot be arbitrarily used for valuation without sufficient rationale.
CESTAT allowed the appeal, finding that re-determination of customs value for replacement goods was unjustified. The tribunal held that original goods were cleared at declared value, and replacement goods provided free of charge should not trigger valuation reassessment. The department improperly auctioned goods without appellant's knowledge while an appeal was pending. The tribunal directed restoration of sale value and set aside the original order, emphasizing that supplier list price cannot be arbitrarily used for valuation without sufficient rationale.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
