Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
Attachment of Pre Offence Mortgaged Property remains possible under PMLA; secured creditors may pursue statutory claim and seek auction with undertaki...
Respondent failed to pass on the benefit of reduced GST rates for cinema admission tickets by raising base prices and keeping the same cum-tax ticket prices; consequence: DGAP found profiteering of Rs. 2,50,148.39. DGAP investigation, supported by documents submitted by the respondent and a written confirmation admitting non-reduction of specific ticket slabs, formed the factual basis; consequence: those admissions were treated as establishing liability. The statutory rate reductions applicable to tickets of Rs.100 or less (18% to 12%) and above Rs.100 (28% to 18%) created an obligation to reduce prices or otherwise pass the benefit; consequence: DGAP report was accepted and respondent held to have profiteered.
Respondent failed to pass on the benefit of reduced GST rates for cinema admission tickets by raising base prices and keeping the same cum-tax ticket prices; consequence: DGAP found profiteering of Rs. 2,50,148.39. DGAP investigation, supported by documents submitted by the respondent and a written confirmation admitting non-reduction of specific ticket slabs, formed the factual basis; consequence: those admissions were treated as establishing liability. The statutory rate reductions applicable to tickets of Rs.100 or less (18% to 12%) and above Rs.100 (28% to 18%) created an obligation to reduce prices or otherwise pass the benefit; consequence: DGAP report was accepted and respondent held to have profiteered.
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