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Delay in filling appeal before the Tribunal - appeal is time-barred by 24 days - The assessee failed to...
Delay in filling appeal before the Tribunal - appeal is time-barred by 24 days - The assessee failed to respond to notices issued u/s 143(2)/142(1) for scrutiny assessment, leading to the ld. Assessin... ...
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Levy of penalty u/s 270A - Excess exemption claimed on Gratuity u/s 10(10)(i) and Leave Encashment...
Levy of penalty u/s 270A - Excess exemption claimed on Gratuity u/s 10(10)(i) and Leave Encashment receipts u/s 10(10AA)(ii) - The Appellate Tribunal recognized the transition of the appellant's emplo... ...
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Territorial jurisdiction of Court - Confiscation of gold - levy of penalty on the petitioner - The High...
Territorial jurisdiction of Court - Confiscation of gold - levy of penalty on the petitioner - The High Court assessed the jurisdictional aspect raised by the petitioner and concluded that the case di... ...
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Summons issued to attend the office of the DRI - seeking permission for presence of their advocate and...
Summons issued to attend the office of the DRI - seeking permission for presence of their advocate and videography of the Petitioner’s interrogation - The High court allowed the petitioner's advocate ... ...
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The onus is entirely on the Revenue to establish existence of PE every year
The existence or otherwise of PE has to be determined on year to year basis, as the existence of PE has to be decided based on the definition of PE in the relevant tax treaty. Merely because in one ye... ...
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Know the Contrasts between PF and ESIC
Introduction The Employee State Insurance Corporation (ESIC) and the Employee Provident Fund (EPF) are two distinct forms of employee-benefiting social security programs in India. Whereas ESIC is requ... ...
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RECENT SUPREME COURT JUDGMENTS ON ARBITRATION
Arbitration The noun arbitration comes to English via the Latin word arbitrari meaning to judge . In English, arbitration is both the process of using an arbiter to settle a dispute and the act of tha... ...
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If tax liability including interest has been paid subsequently SCN cannot be issued
The Hon ble Telangana High Court in the case of RAYS POWER INFRA PRIVATE LIMITED VERSUS SUPERINTENDENT OF CENTRAL TAX - 2024 (3) TMI 438 - TELANGANA HIGH COURT , held that if the taxpayer clears all t... ...
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Absolute Confiscation of gold recovered during the course of search - imposition of penalties - The...
Absolute Confiscation of gold recovered during the course of search - imposition of penalties - The tribunal concluded that the customs authorities failed to establish a reasonable belief that the gol... ...
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Town Seizure - Absolute confiscation of gold - imposition of penalties on the firm as well as on the...
Town Seizure - Absolute confiscation of gold - imposition of penalties on the firm as well as on the appellants - The Tribunal found that the Revenue failed to provide sufficient evidence to establish... ...
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Classification of imported goods - amino acid powder - whey protein powder - The Tribunal supported the...
Classification of imported goods - amino acid powder - whey protein powder - The Tribunal supported the customs authority's classification of the goods under CTI 21069099. It noted that the goods, bei... ...
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Multiple assessments in the same Bills of Entry - Finalization of provisional assessment - The Tribunal...
Multiple assessments in the same Bills of Entry - Finalization of provisional assessment - The Tribunal clarified that the Customs Act allows for reassessment before goods are cleared for home consump... ...
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Valuation of imported goods - Ethylene Vinyl Acetate [EVA] - The appellant declared it as 18%, but...
Valuation of imported goods - Ethylene Vinyl Acetate [EVA] - The appellant declared it as 18%, but testing by CIPET revealed a higher content of 22.4%. Despite the submission of multiple test reports,... ...
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Revocation of Customs Broker License - The Tribunal examined each charge individually and found that the...
Revocation of Customs Broker License - The Tribunal examined each charge individually and found that the appellants were not directly involved in the mis-declaration by the importer. Lack of evidence ... ...
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Valuation of imported goods - addition of franchise fee and international marketing charges incurred and...
Valuation of imported goods - addition of franchise fee and international marketing charges incurred and of services obtained, in transaction value - The tribunal’s insistence on strict compliance wit... ...
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Money Laundering - Compliance of summons issued by the petitioner, ED u/s 50 - District Collectors to...
Money Laundering - Compliance of summons issued by the petitioner, ED u/s 50 - District Collectors to appear before the ED - The Supreme Court expressed disapproval of the District Collectors' failure... ...
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Seeking grant of anticipatory bail - Money Laundering - twin conditions of Section 45 of the PMLA Act...
Seeking grant of anticipatory bail - Money Laundering - twin conditions of Section 45 of the PMLA Act satisfied or not - main accused was exonerated on identical allegations by the Adjudicating Author... ...
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Money Laundering - Proceeds of crime - attachment of moveable property of the appellant - The tribunal...
Money Laundering - Proceeds of crime - attachment of moveable property of the appellant - The tribunal analyzed PMLA Section 5(1), determining that attachment requires proceeds of crime and a likeliho... ...
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Money Laundering - provisional attachment order - Despite claiming innocence and presenting evidence of...
Money Laundering - provisional attachment order - Despite claiming innocence and presenting evidence of legitimate business transactions, the appellant's receipt of payments through non-existing compa... ...
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Dishonour of Cheque - Plea to expedite the trial of a complaint - Case of applicant is that though this...
Dishonour of Cheque - Plea to expedite the trial of a complaint - Case of applicant is that though this complaint under the Act, 1881 was filed in the year 2022, but the trial could not be concluded -... ...