Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
HC adjudicated a customs duty dispute involving delayed provisional assessment. The tribunal was found to have jurisdiction to grant compensatory interest under Section 27A of the Customs Act, 1962. The court emphasized substantial justice over technical objections, modifying the original interest rate from 12% to 6% per annum as per Notification No. 75/2003. The tribunal's power to review and rectify lower authority decisions was affirmed, rejecting procedural impediments. The tax appeal was ultimately disposed of, with the court prioritizing equitable resolution and mandating interest payment at the reduced rate.
HC adjudicated a customs duty dispute involving delayed provisional assessment. The tribunal was found to have jurisdiction to grant compensatory interest under Section 27A of the Customs Act, 1962. The court emphasized substantial justice over technical objections, modifying the original interest rate from 12% to 6% per annum as per Notification No. 75/2003. The tribunal's power to review and rectify lower authority decisions was affirmed, rejecting procedural impediments. The tax appeal was ultimately disposed of, with the court prioritizing equitable resolution and mandating interest payment at the reduced rate.
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