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 determined the interest calculation on pre-deposit refund under Section 35F of Central Excise Act, 1944. The tribunal held that interest is payable only after three months from the date of appellate order communication, not from the date of deposit. While the appellant was entitled to interest on refunded pre-deposit amounts, the interest calculation must comply with statutory provisions, specifically Section 11BB and the proviso to Section 35FF. The court emphasized that when a statute provides specific interest provisions, judicial discretion is limited to interpreting those provisions. The appeal was ultimately dismissed, confirming the interest calculation methodology prescribed by the statutory framework.
CESTAT determined the interest calculation on pre-deposit refund under Section 35F of Central Excise Act, 1944. The tribunal held that interest is payable only after three months from the date of appellate order communication, not from the date of deposit. While the appellant was entitled to interest on refunded pre-deposit amounts, the interest calculation must comply with statutory provisions, specifically Section 11BB and the proviso to Section 35FF. The court emphasized that when a statute provides specific interest provisions, judicial discretion is limited to interpreting those provisions. The appeal was ultimately dismissed, confirming the interest calculation methodology prescribed by the statutory framework.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
