Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
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CESTAT dismissed the Revenue's appeal challenging the valuation of imported Christmas lights. The tribunal found the enhancement of import value based on NIDB data unsustainable, affirming the Commissioner (Appeals) decision. The ruling emphasized procedural non-compliance with Valuation (Determination of Value of Importers Goods) Rules 2007, specifically noting the department's selective value enhancement without following prescribed valuation methodologies. The tribunal's judgment underscored the importance of adhering to statutory valuation procedures and rejected arbitrary value modifications by customs authorities.
CESTAT dismissed the Revenue's appeal challenging the valuation of imported Christmas lights. The tribunal found the enhancement of import value based on NIDB data unsustainable, affirming the Commissioner (Appeals) decision. The ruling emphasized procedural non-compliance with Valuation (Determination of Value of Importers Goods) Rules 2007, specifically noting the department's selective value enhancement without following prescribed valuation methodologies. The tribunal's judgment underscored the importance of adhering to statutory valuation procedures and rejected arbitrary value modifications by customs authorities.
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