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...
CESTAT adjudicated a case involving non-fulfillment of export obligations under the Advance Licensing Scheme. The tribunal dismissed the primary appeal regarding customs duty demand, finding no infirmity in the original order. While upholding the duty liability, the tribunal set aside penalties imposed on the managing director and senior manager due to insufficient evidence demonstrating intentional non-compliance. The decision emphasized that export obligations must be met within prescribed timeframes, and accepting belated claims would undermine the legislative intent of duty-free import and export promotion schemes. Appeals were disposed of with consequential legal implications.
CESTAT adjudicated a case involving non-fulfillment of export obligations under the Advance Licensing Scheme. The tribunal dismissed the primary appeal regarding customs duty demand, finding no infirmity in the original order. While upholding the duty liability, the tribunal set aside penalties imposed on the managing director and senior manager due to insufficient evidence demonstrating intentional non-compliance. The decision emphasized that export obligations must be met within prescribed timeframes, and accepting belated claims would undermine the legislative intent of duty-free import and export promotion schemes. Appeals were disposed of with consequential legal implications.
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