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...
The AT dismissed the appeal against the penalty imposed under Sections 10(4) and 10(5) of FEMA, 1999, on the appellant, a Deputy General Manager of Andhra Bank, for contravening foreign exchange regulations by failing to obtain requisite permissions for hiring foreign satellite transponders. The appellant's denial of posting at the relevant branch during the period of contravention was found evasive and unsubstantiated, as he failed to produce posting orders for July to December 2012. The Tribunal held that the appellant bore responsibility for the contravention and upheld the penalty of Rs. 10,000/-, already deposited and adjusted accordingly. The appellant was granted liberty to file a review petition with documentary proof of his posting during the relevant period within the prescribed limitation.
The AT dismissed the appeal against the penalty imposed under Sections 10(4) and 10(5) of FEMA, 1999, on the appellant, a Deputy General Manager of Andhra Bank, for contravening foreign exchange regulations by failing to obtain requisite permissions for hiring foreign satellite transponders. The appellant's denial of posting at the relevant branch during the period of contravention was found evasive and unsubstantiated, as he failed to produce posting orders for July to December 2012. The Tribunal held that the appellant bore responsibility for the contravention and upheld the penalty of Rs. 10,000/-, already deposited and adjusted accordingly. The appellant was granted liberty to file a review petition with documentary proof of his posting during the relevant period within the prescribed limitation.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
