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...
Duty on supply of M.S. scrap to an SEZ unit was held unsustainable because the statutory SEZ scheme displaced the customs duty levy; the duty demand was therefore set aside. As the underlying duty demand failed, the related interest also could not survive, and penalty under section 114, being consequential to the alleged duty liability, was likewise vacated. Penalty under section 114AA was also set aside because the show cause notice did not propose that penalty, so the appellant had no notice to meet that charge.
Duty on supply of M.S. scrap to an SEZ unit was held unsustainable because the statutory SEZ scheme displaced the customs duty levy; the duty demand was therefore set aside. As the underlying duty demand failed, the related interest also could not survive, and penalty under section 114, being consequential to the alleged duty liability, was likewise vacated. Penalty under section 114AA was also set aside because the show cause notice did not propose that penalty, so the appellant had no notice to meet that charge.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4816 
Join Channel 
