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 CESTAT upheld the absolute confiscation of seized gold valued at 99.93% to 99.96% purity, rejecting the appellants' invoices indicating 99.5% purity as unreliable evidence of licit procurement under Section 123 of the Customs Act, 1962. The appellants failed to discharge the burden of proof regarding lawful acquisition, and the gold was deemed smuggled. The Tribunal found no prejudice in the denial of cross-examination on witness statements, as these were not relied upon to justify confiscation. Penalties imposed on appellant no. 3 for submission of forged documents and on co-appellants for their respective roles were affirmed. The impugned order was found free of infirmities, and the appeal was dismissed in its entirety.
The CESTAT upheld the absolute confiscation of seized gold valued at 99.93% to 99.96% purity, rejecting the appellants' invoices indicating 99.5% purity as unreliable evidence of licit procurement under Section 123 of the Customs Act, 1962. The appellants failed to discharge the burden of proof regarding lawful acquisition, and the gold was deemed smuggled. The Tribunal found no prejudice in the denial of cross-examination on witness statements, as these were not relied upon to justify confiscation. Penalties imposed on appellant no. 3 for submission of forged documents and on co-appellants for their respective roles were affirmed. The impugned order was found free of infirmities, and the appeal was dismissed in its entirety.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
