Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
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The Appellate Tribunal held that the limitation period for filing the appeal commenced on the date the impugned order was pronounced, with a 30-day limitation period and an additional 15-day extension under Section 14 of the Limitation Act, 1963. The appellant's delay of 117 days far exceeded the permissible period, and the Tribunal found the appellant's conduct reckless and lacking bona fides or due diligence. Consequently, the appellant was not entitled to the benefit of condonation under Section 14. Furthermore, relying on binding precedent, the Tribunal reaffirmed its lack of jurisdiction to condone delay beyond 15 days. Accordingly, the appeal was dismissed for being barred by limitation.
The Appellate Tribunal held that the limitation period for filing the appeal commenced on the date the impugned order was pronounced, with a 30-day limitation period and an additional 15-day extension under Section 14 of the Limitation Act, 1963. The appellant's delay of 117 days far exceeded the permissible period, and the Tribunal found the appellant's conduct reckless and lacking bona fides or due diligence. Consequently, the appellant was not entitled to the benefit of condonation under Section 14. Furthermore, relying on binding precedent, the Tribunal reaffirmed its lack of jurisdiction to condone delay beyond 15 days. Accordingly, the appeal was dismissed for being barred by limitation.
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