Straight-line lease rental accounting change results in penalty quashed where disclosed accounts and bona fide arguable accounting interpretation exis...
Allocation of enhanced FSI/TDR proceeds between cooperative society and individual flat-owners; tribunal deletes society LTCG addition, remits 80P ver...
Determination of Fe content in exported iron ore fines governed admissibility of test reports and duty liability; departmental CRCL samples taken at load port were preferred over private laboratory reports, and reliance on private tests was rejected, resulting in dismissal of Revenue's differential duty claim. Allegations of artificial splitting of consignments failed for lack of substantive proof, and separate contracts, sampling advices, and shipping bills supported separate consignments - allegation dismissed. Confessional statements alone were held insufficient to sustain adjudication and therefore could not determine liability. Discharge port analyses were held irrelevant for FOB sales pricing and duty assessment. Deposit refunded with interest.
Determination of Fe content in exported iron ore fines governed admissibility of test reports and duty liability; departmental CRCL samples taken at load port were preferred over private laboratory reports, and reliance on private tests was rejected, resulting in dismissal of Revenue's differential duty claim. Allegations of artificial splitting of consignments failed for lack of substantive proof, and separate contracts, sampling advices, and shipping bills supported separate consignments - allegation dismissed. Confessional statements alone were held insufficient to sustain adjudication and therefore could not determine liability. Discharge port analyses were held irrelevant for FOB sales pricing and duty assessment. Deposit refunded with interest.
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