Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
Customs valuation and classification require comparable evidence and assessment of imported goods in their actual condition, invalidating related pena...
Mismatch in the declared and physically verified weight of imported goods sustained liability for differential duty and misdeclaration consequences, but the redemption fine and penalty were found excessive on the facts. The invoice and packing list matched the declared Bill of Entry, the excess quantity emerged only on post-arrival physical verification, and no specific role in the discrepancy was attributed to the importer. The Tribunal therefore accepted that statutory liability could arise despite the importer's bona fides, yet reduced the redemption fine and penalty in view of the absence of established culpable conduct. The appeal was partly allowed.
Mismatch in the declared and physically verified weight of imported goods sustained liability for differential duty and misdeclaration consequences, but the redemption fine and penalty were found excessive on the facts. The invoice and packing list matched the declared Bill of Entry, the excess quantity emerged only on post-arrival physical verification, and no specific role in the discrepancy was attributed to the importer. The Tribunal therefore accepted that statutory liability could arise despite the importer's bona fides, yet reduced the redemption fine and penalty in view of the absence of established culpable conduct. The appeal was partly allowed.
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