Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
CESTAT adjudicated a customs seizure case involving gold bars transported between cities. The tribunal found the seizure invalid due to lack of substantive evidence. Key determinations included: (1) the primary statement constituted hearsay testimony, (2) no corroborative documentation established smuggling, and (3) the revenue authority failed to demonstrate reasonable belief under Section 110 of the Customs Act. The tribunal rejected revenue's arguments regarding tax invoice dates and procedural objections. Consequently, the tribunal sustained the Commissioner (Appeals) order, dismissing the revenue's appeal and nullifying the original confiscation and penalty orders against the individual.
CESTAT adjudicated a customs seizure case involving gold bars transported between cities. The tribunal found the seizure invalid due to lack of substantive evidence. Key determinations included: (1) the primary statement constituted hearsay testimony, (2) no corroborative documentation established smuggling, and (3) the revenue authority failed to demonstrate reasonable belief under Section 110 of the Customs Act. The tribunal rejected revenue's arguments regarding tax invoice dates and procedural objections. Consequently, the tribunal sustained the Commissioner (Appeals) order, dismissing the revenue's appeal and nullifying the original confiscation and penalty orders against the individual.
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