Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
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Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and veri...
Polypropylene leno bags were held not classifiable as textile goods under Heading 6305 33 00 because the appellant failed to show that the plastic strips used in weaving satisfied the conditions for treatment as synthetic textile under Section XI Note 1(g) read with Heading 6305. The Court reiterated that there is no estoppel against claiming the correct tariff classification, but that principle does not relieve the importer of proving that the product answers the textile entry. Applying the common parlance test and relying on prior precedent, the Court found the goods were known in the market as plastic sacks, not textile sacks, and left their classification under Heading 3923 2900 undisturbed.
Polypropylene leno bags were held not classifiable as textile goods under Heading 6305 33 00 because the appellant failed to show that the plastic strips used in weaving satisfied the conditions for treatment as synthetic textile under Section XI Note 1(g) read with Heading 6305. The Court reiterated that there is no estoppel against claiming the correct tariff classification, but that principle does not relieve the importer of proving that the product answers the textile entry. Applying the common parlance test and relying on prior precedent, the Court found the goods were known in the market as plastic sacks, not textile sacks, and left their classification under Heading 3923 2900 undisturbed.
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