Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
Toy balloon tariff classification: functional heading prevails over residual rubber and festive article headings, supporting penalties for deliberate ...
Customs valuation using comparable contemporaneous imports can displace declared value, while missing speaking orders require pursuit before competent...
Foreign customs declarations and importer admissions established undervaluation, supporting sequential value redetermination, differential duty, and m...
Concessional electricity charges under Clause 16(a) of the 2019 Industrial Policy were held to apply only to new industrial enterprises, while existing enterprises undertaking substantial expansion fell under Clause 16(b) and could claim only the rebate linked to incremental consumption. The 29.04.2022 amendment substituting "eligible" with "new" in Clause 16(a) and aligning Clause 16(b) with substantial expansion was treated as clarificatory and retrospective, except for the newly introduced three-year duration under Clause 16(b), which operated prospectively. The respondent therefore had no entitlement to Clause 16(a) concession, and promissory estoppel could not create a benefit beyond the Policy's true scope.
Concessional electricity charges under Clause 16(a) of the 2019 Industrial Policy were held to apply only to new industrial enterprises, while existing enterprises undertaking substantial expansion fell under Clause 16(b) and could claim only the rebate linked to incremental consumption. The 29.04.2022 amendment substituting "eligible" with "new" in Clause 16(a) and aligning Clause 16(b) with substantial expansion was treated as clarificatory and retrospective, except for the newly introduced three-year duration under Clause 16(b), which operated prospectively. The respondent therefore had no entitlement to Clause 16(a) concession, and promissory estoppel could not create a benefit beyond the Policy's true scope.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
