Belated Form 10B filing during Covid-19 cannot defeat charitable exemption where genuine hardship warrants condonation and substantial justice prevail...
Limitation for consequential assessments runs from prescribed authority receipt, while verified purchases cannot be disallowed merely for unanswered s...
Higher depreciation for qualifying commercial vehicles, exempt-income disallowance, research deduction verification, and club-expense treatment clarif...
Charitable registration renewal cannot become an assessment of receipts, profitability or annual exemption compliance, requiring renewal and donation ...
AMP expenditure for own business is not an international transaction without an associated-enterprise arrangement, eliminating transfer pricing adjust...
Central issue: whether administrative findings of breaches of Customs Broker Licensing Regulations (10(d), 10(e), 10(m), 10(f), 13(12)) and consequent penalty/forfeiture could stand where they rested on recorded statements. Reasoning: recorded statements under section 108 were neither admitted as evidence nor were declarants summoned/examined, and therefore are irrelevant under section 138D and inadmissible under section 138B; the statements were also not relied upon in the show-cause notice. Outcome: findings of regulatory violation and attendant penalty/forfeiture are unsustainable and the impugned order is set aside. - CESTAT
Central issue: whether administrative findings of breaches of Customs Broker Licensing Regulations (10(d), 10(e), 10(m), 10(f), 13(12)) and consequent penalty/forfeiture could stand where they rested on recorded statements. Reasoning: recorded statements under section 108 were neither admitted as evidence nor were declarants summoned/examined, and therefore are irrelevant under section 138D and inadmissible under section 138B; the statements were also not relied upon in the show-cause notice. Outcome: findings of regulatory violation and attendant penalty/forfeiture are unsustainable and the impugned order is set aside. - CESTAT
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