Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
Section 112(a) and 112(b) were held to cover both abetment or omission rendering goods liable to confiscation and possession or dealing with goods known or believed to be liable to confiscation, so the show-cause notice was valid where it specified the petitioner's role in smuggling gold paste without declaration. The Court rejected the objection based on non-specification of the precise clause, holding that the notice gave adequate particulars and was answered on merits. Smuggled gold imported in breach of customs restrictions was treated as prohibited goods, so penalty under Section 112(i) was also sustained. The writ petition was dismissed and the penalty order upheld.
Section 112(a) and 112(b) were held to cover both abetment or omission rendering goods liable to confiscation and possession or dealing with goods known or believed to be liable to confiscation, so the show-cause notice was valid where it specified the petitioner's role in smuggling gold paste without declaration. The Court rejected the objection based on non-specification of the precise clause, holding that the notice gave adequate particulars and was answered on merits. Smuggled gold imported in breach of customs restrictions was treated as prohibited goods, so penalty under Section 112(i) was also sustained. The writ petition was dismissed and the penalty order upheld.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4800
Join Channel
TaxTMI 
