Compulsorily convertible debentures remain debt before conversion, preventing transfer-pricing and interest-deduction disallowances on the stated fact...
Stock-in-trade transfer taxability follows possession and consideration, not later conveyance registration, limiting deemed-value provisions to the ac...
Alternative statutory remedy under GST bars writ challenge where classification, notice variance, and hearing disputes require factual appellate revie...
Electronic records used to establish clandestine manufacture and clearance require compliance with prescribed statutory conditions, including the requisite certificate; without it, CD data and computer printouts are inadmissible and cannot determine unaccounted production or removals. Duty demands founded on excluded electronic data require fresh quantification solely from independently admissible evidence. Cross-examination of investigation witnesses is not absolute: unretracted statements may be considered where no evidence of coercion or witness-specific prejudice from denial of cross-examination is shown. Such statements, together with invoices, transport, weighment and statutory records, may support independently established transactions, while interest and penalties must be redetermined with any duty liability ultimately found.
Electronic records used to establish clandestine manufacture and clearance require compliance with prescribed statutory conditions, including the requisite certificate; without it, CD data and computer printouts are inadmissible and cannot determine unaccounted production or removals. Duty demands founded on excluded electronic data require fresh quantification solely from independently admissible evidence. Cross-examination of investigation witnesses is not absolute: unretracted statements may be considered where no evidence of coercion or witness-specific prejudice from denial of cross-examination is shown. Such statements, together with invoices, transport, weighment and statutory records, may support independently established transactions, while interest and penalties must be redetermined with any duty liability ultimately found.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4907 
