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...
The CESTAT allowed the appeal, setting aside the order of confiscation and the redemption fine in respect of seized consignments of black pepper, dry peas and dry khajur, concluding that none were "notified goods" and that the Revenue failed to discharge the statutory burden of proving smuggling or foreign origin; testing reports were inconclusive. Consequently the confiscation order, the redemption fine and all penalties against the appellant proprietor and the godown-keeper were quashed. The Tribunal held that absent admissible evidence establishing illicit origin, neither confiscation nor penalty could be sustained, and the appeal was disposed of in favour of the appellant.
The CESTAT allowed the appeal, setting aside the order of confiscation and the redemption fine in respect of seized consignments of black pepper, dry peas and dry khajur, concluding that none were "notified goods" and that the Revenue failed to discharge the statutory burden of proving smuggling or foreign origin; testing reports were inconclusive. Consequently the confiscation order, the redemption fine and all penalties against the appellant proprietor and the godown-keeper were quashed. The Tribunal held that absent admissible evidence establishing illicit origin, neither confiscation nor penalty could be sustained, and the appeal was disposed of in favour of the appellant.
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