Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
A customs broker's penalty under the residuary provision was set aside because its role was limited to filing Bills of Entry on importer-supplied information, with no proof that it advised or was responsible for the incorrect tariff classification. The Tribunal held that the statutory duty to make a truthful declaration lay on the importer, and unproven allegations of CBLR violations could not sustain liability under Section 117. It also held that post-resolution show cause notices could not survive once the importers' resolution plan had been approved, as pre-resolution claims not included in the plan stood extinguished under insolvency law. The consequential demands were therefore unsustainable.
A customs broker's penalty under the residuary provision was set aside because its role was limited to filing Bills of Entry on importer-supplied information, with no proof that it advised or was responsible for the incorrect tariff classification. The Tribunal held that the statutory duty to make a truthful declaration lay on the importer, and unproven allegations of CBLR violations could not sustain liability under Section 117. It also held that post-resolution show cause notices could not survive once the importers' resolution plan had been approved, as pre-resolution claims not included in the plan stood extinguished under insolvency law. The consequential demands were therefore unsustainable.
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