Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
Priority of set-off: brought forward business losses must be adjusted before unabsorbed depreciation; procedural safeguards required for invoking rest...
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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