Business upkeep expenses despite no revenue, director's interest-free advances, and property gift additions-disallowances and notional interest delete...
Insolvency resolution plan's loan assignment between approving and dissenting creditors: post-approval redistribution blocked; original distribution e...
Page of 4817
Press 'Enter' after typing page number.
7741 to 7760 of 96333 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Allegations of undervaluation and misdeclaration of imported LED TVs as unbranded were rejected because the panchnama showed brand stickers only on certain LED panels while other parts lacked branding, and branding of a component could not legally convert the entire TV into a branded product; hence rejection of declared value on this ground was unsustainable. Reliance on computer printouts/retrieved data was inadmissible as the mandatory conditions for electronic evidence under Section 138C were not complied with, leaving the allegations unproved; consequently, re-determination of value was set aside. For drywall screws, absence of contemporaneous examination and comparison with invoices from different financial years and unrelated parties rendered the valuation exercise presumptive; therefore, revaluation was quashed and the appeal was allowed. - CESTAT
Allegations of undervaluation and misdeclaration of imported LED TVs as unbranded were rejected because the panchnama showed brand stickers only on certain LED panels while other parts lacked branding, and branding of a component could not legally convert the entire TV into a branded product; hence rejection of declared value on this ground was unsustainable. Reliance on computer printouts/retrieved data was inadmissible as the mandatory conditions for electronic evidence under Section 138C were not complied with, leaving the allegations unproved; consequently, re-determination of value was set aside. For drywall screws, absence of contemporaneous examination and comparison with invoices from different financial years and unrelated parties rendered the valuation exercise presumptive; therefore, revaluation was quashed and the appeal was allowed. - CESTAT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
