Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
CESTAT held that the appeal filed by A against a seizure memo issued u/s 110 of the Customs Act was not maintainable. The Tribunal observed that seizure u/s 110 is merely an interim measure based on reasonable belief of liability to confiscation, and that appellate remedy u/s 128 lies only after adjudication of confiscation under ss. 124 and 125. As no confiscation order existed, there was no appealable order before the Commissioner (Appeals) or CESTAT. If A was aggrieved by continued seizure, the proper course was to seek provisional release u/s 110A, which was not shown to have been attempted. The proceedings were held premature and the appeal was dismissed.
CESTAT held that the appeal filed by A against a seizure memo issued u/s 110 of the Customs Act was not maintainable. The Tribunal observed that seizure u/s 110 is merely an interim measure based on reasonable belief of liability to confiscation, and that appellate remedy u/s 128 lies only after adjudication of confiscation under ss. 124 and 125. As no confiscation order existed, there was no appealable order before the Commissioner (Appeals) or CESTAT. If A was aggrieved by continued seizure, the proper course was to seek provisional release u/s 110A, which was not shown to have been attempted. The proceedings were held premature and the appeal was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
