Stamp valuation increases after registration-fee payment led to deletion of property-purchase addition within tolerance and without valuation referral...
Capital Asset Conversion Requires Proven Business Stock Treatment; Paper Consideration in Spousal Flat Transfers Does Not Create Taxable Business Inco...
Human-probability test defeats political donation deduction where banking records mask accommodation-entry fund layering and evidence shows non-genuin...
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CESTAT allowed the appeals filed by various anonymous tile manufacturers and associated noticees, setting aside the entire demand of central excise duty, interest and penalties arising from alleged clandestine manufacture and removal of ceramic/vitrified tiles and sanitaryware. The Tribunal held that the Dept. failed to discharge its burden of proof, as the case rested almost entirely on uncorroborated third-party statements, scribbled bank entries and assumptions, without seizure of offending goods, excess stock, corroborative transport documents, or evidence of excess raw material, power consumption or labour. CESTAT also noted non-compliance with s. 9D of the Central Excise Act, 1944, since key statements were neither properly examined in chief nor subjected to cross-examination. Finding the investigation slipshod and the evidentiary standard of preponderance of probability unmet, CESTAT ruled that the allegation of clandestine removal was unsustainable, rendering all consequential demands and penalties invalid.
CESTAT allowed the appeals filed by various anonymous tile manufacturers and associated noticees, setting aside the entire demand of central excise duty, interest and penalties arising from alleged clandestine manufacture and removal of ceramic/vitrified tiles and sanitaryware. The Tribunal held that the Dept. failed to discharge its burden of proof, as the case rested almost entirely on uncorroborated third-party statements, scribbled bank entries and assumptions, without seizure of offending goods, excess stock, corroborative transport documents, or evidence of excess raw material, power consumption or labour. CESTAT also noted non-compliance with s. 9D of the Central Excise Act, 1944, since key statements were neither properly examined in chief nor subjected to cross-examination. Finding the investigation slipshod and the evidentiary standard of preponderance of probability unmet, CESTAT ruled that the allegation of clandestine removal was unsustainable, rendering all consequential demands and penalties invalid.
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