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...
HC directed provisional release of seized cashew kernels upon petitioner furnishing bank guarantee of Rs. 2.5 crores and bond of Rs. 3.25 crores within seven days. Court rejected petitioner's initial offer of Rs. 1 crore guarantee as insufficient. Seizure involved classification dispute regarding plain versus roasted cashew kernels under bills of entry and whether goods constituted prohibited items. Court noted petitioner possessed Advance Ruling Authority decision and Mumbai Lab report supporting their position, while acknowledging respondents' contrary material required examination during show cause notice proceedings. Regarding detention demurrage charges, court permitted petitioner to seek waiver from respondents, directing disposal according to law. All contentions remain open for final adjudication. Petition disposed of with conditional release order to prevent goods deterioration.
HC directed provisional release of seized cashew kernels upon petitioner furnishing bank guarantee of Rs. 2.5 crores and bond of Rs. 3.25 crores within seven days. Court rejected petitioner's initial offer of Rs. 1 crore guarantee as insufficient. Seizure involved classification dispute regarding plain versus roasted cashew kernels under bills of entry and whether goods constituted prohibited items. Court noted petitioner possessed Advance Ruling Authority decision and Mumbai Lab report supporting their position, while acknowledging respondents' contrary material required examination during show cause notice proceedings. Regarding detention demurrage charges, court permitted petitioner to seek waiver from respondents, directing disposal according to law. All contentions remain open for final adjudication. Petition disposed of with conditional release order to prevent goods deterioration.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
