TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
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Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
CESTAT adjudicated a customs penalty dispute, finding insufficient evidence to substantiate allegations against the appellant. The tribunal determined that the appellant had no direct involvement in goods importation, documentation, or clearance for the specified firms. Statements made against the appellant lacked corroborative evidence and were based on assumptions. Consequently, penalties under Sections 112(b) and 114AA of the Customs Act were deemed unsustainable and set aside. The tribunal conclusively ruled that no material proof existed to establish the appellant's culpability in improper importation or false declarations. Appeal was allowed, effectively exonerating the appellant from all imposed penalties.
CESTAT adjudicated a customs penalty dispute, finding insufficient evidence to substantiate allegations against the appellant. The tribunal determined that the appellant had no direct involvement in goods importation, documentation, or clearance for the specified firms. Statements made against the appellant lacked corroborative evidence and were based on assumptions. Consequently, penalties under Sections 112(b) and 114AA of the Customs Act were deemed unsustainable and set aside. The tribunal conclusively ruled that no material proof existed to establish the appellant's culpability in improper importation or false declarations. Appeal was allowed, effectively exonerating the appellant from all imposed penalties.
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