Revisional power in block assessment upheld, undisclosed search income sustained, freight suppression addition restored, accrued lorry hire liability ...
Reassessment and fee-for-technical-services classification: reopening upheld, but certain reimbursements and mobilization charges fell outside treaty ...
Section 80P deduction for co-operative societies remains available despite nominal members and housing society status, with limited interest income tr...
CESTAT held that although the appellant and the buyer are inter-connected undertakings, the requisite legal relationship under Section 4(3)(b) and Rule 9 of the Valuation Rules (viz., distributorship/relatives or specified categories) was not established; consequently the deeming provisions treating them as related persons for valuation are inapplicable. The Tribunal further found no basis to classify the arrangement as a job-work transaction triggering Rule 10A valuation. The adjudicatory treatment of the supplies as related-party job work for enhanced valuation was therefore unsustainable. The impugned order confirming duty demands was set aside and the appeal allowed.
CESTAT held that although the appellant and the buyer are inter-connected undertakings, the requisite legal relationship under Section 4(3)(b) and Rule 9 of the Valuation Rules (viz., distributorship/relatives or specified categories) was not established; consequently the deeming provisions treating them as related persons for valuation are inapplicable. The Tribunal further found no basis to classify the arrangement as a job-work transaction triggering Rule 10A valuation. The adjudicatory treatment of the supplies as related-party job work for enhanced valuation was therefore unsustainable. The impugned order confirming duty demands was set aside and the appeal allowed.
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