Natural justice in insolvency-professional discipline requires disclosed material; notices based on extraneous material and ignored defences are vitia...
Development rights transfers treated as immovable property, while construction abatement applies and repeated non-payment permits extended service-tax...
Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
CESTAT allowed the appeal and set aside the impugned demand and penalties. The Tribunal held that the duty liability and clandestine removal allegations rested solely on retracted statements, rough private diary entries and other private documents seized during search, none of which constituted admissible or corroborative evidence of manufacture and clearance. The appellant-company's input-output ratio was undisputed and there was no evidence showing receipt of the alleged additional 1,965 MT of raw material. Consequently the confirmed excise demand was unsustainable and annulled; penalty under Rule 25 read with s.11AC and penalties against the individual directors under Rule 26 were also set aside.
CESTAT allowed the appeal and set aside the impugned demand and penalties. The Tribunal held that the duty liability and clandestine removal allegations rested solely on retracted statements, rough private diary entries and other private documents seized during search, none of which constituted admissible or corroborative evidence of manufacture and clearance. The appellant-company's input-output ratio was undisputed and there was no evidence showing receipt of the alleged additional 1,965 MT of raw material. Consequently the confirmed excise demand was unsustainable and annulled; penalty under Rule 25 read with s.11AC and penalties against the individual directors under Rule 26 were also set aside.
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