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 customs broker's appeal challenging penalties under sections 112 and 114AA of the Customs Act. The Tribunal found no substantive evidence demonstrating the appellant's deliberate connivance or intentional misrepresentation. The penalties were deemed unsustainable due to lack of independent findings, absence of conclusive proof of knowledge, and improper reliance on statements recorded without following prescribed legal procedures. Critically, the Tribunal emphasized that lending an Import Export Code (IEC) does not constitute a statutory offense. Consequently, the appellate authority allowed the appeal, effectively quashing the imposed penalties against the customs broker.
CESTAT adjudicated a customs broker's appeal challenging penalties under sections 112 and 114AA of the Customs Act. The Tribunal found no substantive evidence demonstrating the appellant's deliberate connivance or intentional misrepresentation. The penalties were deemed unsustainable due to lack of independent findings, absence of conclusive proof of knowledge, and improper reliance on statements recorded without following prescribed legal procedures. Critically, the Tribunal emphasized that lending an Import Export Code (IEC) does not constitute a statutory offense. Consequently, the appellate authority allowed the appeal, effectively quashing the imposed penalties against the customs broker.
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