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...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
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 multi-faceted dispute involving CENVAT credit claims. The tribunal partially allowed the appeal, upholding demands related to inadmissible credits for structural platforms and security services totaling Rs. 2,12,998, while dropping the demand for cross-utilization of education cess credits. The tribunal confirmed interest and penalties on confirmed demands under Rule 15(2) of CENVAT Credit Rules and Section 11AC of Central Excise Act. The key findings rejected appellant's claims for credit on iron/steel items and security services, finding no merit in their arguments and determining the credits were improperly claimed during the post-2009 amendment period.
CESTAT adjudicated a multi-faceted dispute involving CENVAT credit claims. The tribunal partially allowed the appeal, upholding demands related to inadmissible credits for structural platforms and security services totaling Rs. 2,12,998, while dropping the demand for cross-utilization of education cess credits. The tribunal confirmed interest and penalties on confirmed demands under Rule 15(2) of CENVAT Credit Rules and Section 11AC of Central Excise Act. The key findings rejected appellant's claims for credit on iron/steel items and security services, finding no merit in their arguments and determining the credits were improperly claimed during the post-2009 amendment period.
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