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...
CESTAT allowed the appeal and set aside seizure, confiscation under s.111(d) of the Customs Act and the imposition of redemption fine and related penalty, holding that the importer acted with bona fide belief in declaring transaction value, responded to EDI queries and paid duties demanded under the DGFT notification while challenges to that notification were pending. The Tribunal found the matter to be one of reassessment of the bill of entry where no malafide or evasion was established and the adjudicating authority failed to record sufficient reasons for confiscation and redemption fine. Consequential orders imposing forfeiture and fines are quashed.
CESTAT allowed the appeal and set aside seizure, confiscation under s.111(d) of the Customs Act and the imposition of redemption fine and related penalty, holding that the importer acted with bona fide belief in declaring transaction value, responded to EDI queries and paid duties demanded under the DGFT notification while challenges to that notification were pending. The Tribunal found the matter to be one of reassessment of the bill of entry where no malafide or evasion was established and the adjudicating authority failed to record sufficient reasons for confiscation and redemption fine. Consequential orders imposing forfeiture and fines are quashed.
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