Dependent Agent PE unresolved for lack of factual inquiry; arm's-length distribution accepted; royalty claim rejected; 15% refund interest (Section 24...
Exemption under s.10(23C)(iiiad) upheld; appeal allowed, interest and dividends excluded from annual receipts, disallowance deleted, capital gains exe...
CESTAT set aside the Commissioner's interpretation of the exemption notification, holding that the phrase "for use" was incorrectly construed and remanded the matter for fresh adjudication. The appeal was allowed by way of remand for re-calculation of any demand; the respondent must demonstrate, including via its ERP records, that imported material was exclusively used for PDS supply. The Tribunal found the Department's consumption-allocation methodology unsupported as FIFO and based on assumptions. Issues of time-bar and penalty were held not open before the Tribunal absent a cross-appeal and are left to the Adjudicating Authority to decide if a demand is confirmed.
CESTAT set aside the Commissioner's interpretation of the exemption notification, holding that the phrase "for use" was incorrectly construed and remanded the matter for fresh adjudication. The appeal was allowed by way of remand for re-calculation of any demand; the respondent must demonstrate, including via its ERP records, that imported material was exclusively used for PDS supply. The Tribunal found the Department's consumption-allocation methodology unsupported as FIFO and based on assumptions. Issues of time-bar and penalty were held not open before the Tribunal absent a cross-appeal and are left to the Adjudicating Authority to decide if a demand is confirmed.
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