Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
The HC affirmed disciplinary liability for the Appellant arising from an employee's collusion with a third-party exporter, misuse of a third-party IEC, submission of misdeclared export consignments and forged/bogus invoices, holding that the employer failed in its duty of supervision and due diligence. Applying the principle of proportionality, the court curtailed permanent revocation and imposed a revocation period of four years, terminating on 21 December 2025. The appeal is disposed. The Customs authority is directed, upon consideration of the Appellant's due diligence submissions, to decide on any renewal of the CHA licence in accordance with law and regulatory requirements.
The HC affirmed disciplinary liability for the Appellant arising from an employee's collusion with a third-party exporter, misuse of a third-party IEC, submission of misdeclared export consignments and forged/bogus invoices, holding that the employer failed in its duty of supervision and due diligence. Applying the principle of proportionality, the court curtailed permanent revocation and imposed a revocation period of four years, terminating on 21 December 2025. The appeal is disposed. The Customs authority is directed, upon consideration of the Appellant's due diligence submissions, to decide on any renewal of the CHA licence in accordance with law and regulatory requirements.
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