Business expenditure and depreciation rules allow operational outgoings while limiting disallowances for personal elements and unsupported third-party...
Compromise-and-arrangement extensions may accommodate debt assignment where creditor commercial judgment supports value maximisation and avoids proced...
Delayed-payment surcharge is not taxable tolerance consideration where it penalises default, while meter testing follows electricity distribution trea...
Sufficient cause for delayed revenue income-tax appeals requires bona fides, due diligence and a credible explanation; otherwise limitation bars appea...
Regulation 12(8) of the Handling of Cargo in Customs Area Regulations, 2009, caps the penalty for a cargo handling operator's acts of omission or commission at Rs. 50,000. An adjudicating authority cannot impose a penalty exceeding that statutory maximum under the Regulation, and an earlier departmental precedent cannot displace the clear ceiling. The penalty was accordingly restricted to Rs. 50,000, with the appeal partly allowed through modification of the impugned order.
Regulation 12(8) of the Handling of Cargo in Customs Area Regulations, 2009, caps the penalty for a cargo handling operator's acts of omission or commission at Rs. 50,000. An adjudicating authority cannot impose a penalty exceeding that statutory maximum under the Regulation, and an earlier departmental precedent cannot displace the clear ceiling. The penalty was accordingly restricted to Rs. 50,000, with the appeal partly allowed through modification of the impugned order.
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TaxTMI 
TaxTMI 
of 4916 
