Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit ...
Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory...
Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and veri...
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CESTAT held that a Customs Broker's alleged breach of Regulation 10(d) was not proved because the department produced no credible material showing absence of advice to the exporter, while the exporter's letter confirming such advice could not be rejected for lack of written particulars. The alleged breach of Regulation 10(e) also failed, as neither the show cause notice nor the order identified any specific incorrect information said to have been imparted. On Regulation 10(n), the Tribunal held that verification is satisfied by checking issued IEC, GSTIN, identity and address documents through reliable records; it does not require a physical visit or supervision of government authorities. Revocation of licence, forfeiture of security deposit and penalty were set aside.
CESTAT held that a Customs Broker's alleged breach of Regulation 10(d) was not proved because the department produced no credible material showing absence of advice to the exporter, while the exporter's letter confirming such advice could not be rejected for lack of written particulars. The alleged breach of Regulation 10(e) also failed, as neither the show cause notice nor the order identified any specific incorrect information said to have been imparted. On Regulation 10(n), the Tribunal held that verification is satisfied by checking issued IEC, GSTIN, identity and address documents through reliable records; it does not require a physical visit or supervision of government authorities. Revocation of licence, forfeiture of security deposit and penalty were set aside.
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