Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Misdeclaration of aluminium goods led to reclassification of the live consignment as aluminium tubes under CTH 7608 2000, with declared value rejected on the strength of parallel invoices; confiscation was sustained, redemption fine reduced, penalty under Section 112(a) upheld, and penalty under Section 114AA set aside. For subsequent consignments, reclassification failed because no samples were drawn and no specific evidentiary finding identified the goods as tubes, so the demand, fine and penalties were set aside. For earlier imports, the extended period could not be invoked again on the same material, limiting duty only to admitted freight charges for the normal period. In the undervaluation matter, duty and interest survived only for the normal period, while penalties on the director and supplier-side officer were set aside.
Misdeclaration of aluminium goods led to reclassification of the live consignment as aluminium tubes under CTH 7608 2000, with declared value rejected on the strength of parallel invoices; confiscation was sustained, redemption fine reduced, penalty under Section 112(a) upheld, and penalty under Section 114AA set aside. For subsequent consignments, reclassification failed because no samples were drawn and no specific evidentiary finding identified the goods as tubes, so the demand, fine and penalties were set aside. For earlier imports, the extended period could not be invoked again on the same material, limiting duty only to admitted freight charges for the normal period. In the undervaluation matter, duty and interest survived only for the normal period, while penalties on the director and supplier-side officer were set aside.
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