Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
CESTAT allowed the appeal and set aside the penalty imposed under Rule 26 of the Central Excise Rules, 2004 on the appellant (employee of a merchant exporter). The Tribunal held the adjudicatory order failed to articulate how the appellant met the criteria of Rule 26(2), there was no evidence of pecuniary benefit beyond salary or of involvement in issuance/abetment of documents, and testimonial evidence lacked required corroboration. In light of binding precedent and the absence of confiscation of goods, the Tribunal concluded Rule 26 was inapplicable and quashed the personal penalty.
CESTAT allowed the appeal and set aside the penalty imposed under Rule 26 of the Central Excise Rules, 2004 on the appellant (employee of a merchant exporter). The Tribunal held the adjudicatory order failed to articulate how the appellant met the criteria of Rule 26(2), there was no evidence of pecuniary benefit beyond salary or of involvement in issuance/abetment of documents, and testimonial evidence lacked required corroboration. In light of binding precedent and the absence of confiscation of goods, the Tribunal concluded Rule 26 was inapplicable and quashed the personal penalty.
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