Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
CESTAT adjudicated a gold smuggling case involving alleged abetment under Customs Act Sections 112(a) and 112(b). The tribunal found the appellant orchestrated gold smuggling through two carriers with limited financial means. Key evidence included carriers' inconsistent statements, inability to prove legitimate gold purchase, and appellant's non-cooperation during investigation. The tribunal determined the appellant was the mastermind, having funded carriers' travel and accommodation. Despite counsel's arguments challenging oral statements' evidentiary value, the tribunal upheld seizure and confiscation as lawful. The appellant's failure to appear before customs authorities and carriers' inability to substantiate gold acquisition source led to dismissal of the appeal, confirming penalties under specified statutory provisions.
CESTAT adjudicated a gold smuggling case involving alleged abetment under Customs Act Sections 112(a) and 112(b). The tribunal found the appellant orchestrated gold smuggling through two carriers with limited financial means. Key evidence included carriers' inconsistent statements, inability to prove legitimate gold purchase, and appellant's non-cooperation during investigation. The tribunal determined the appellant was the mastermind, having funded carriers' travel and accommodation. Despite counsel's arguments challenging oral statements' evidentiary value, the tribunal upheld seizure and confiscation as lawful. The appellant's failure to appear before customs authorities and carriers' inability to substantiate gold acquisition source led to dismissal of the appeal, confirming penalties under specified statutory provisions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
