Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Kitchen and household storage accessories such as baskets, racks, holders, drawer systems and similar articles were held classifiable under Chapters 73 and 83, not as parts of furniture under Heading 9403. Applying the common parlance test, ejusdem generis, and General Rules for Interpretation 1 and 3(a), the Tribunal found the goods had distinct identities and functions as kitchen or household articles and fittings. It held that specific headings for kitchen articles and base metal mountings or fittings prevail over the general residual entry for furniture and parts thereof, and that HSN notes confirm Heading 9403 applies only where no prior heading covers the goods.
Kitchen and household storage accessories such as baskets, racks, holders, drawer systems and similar articles were held classifiable under Chapters 73 and 83, not as parts of furniture under Heading 9403. Applying the common parlance test, ejusdem generis, and General Rules for Interpretation 1 and 3(a), the Tribunal found the goods had distinct identities and functions as kitchen or household articles and fittings. It held that specific headings for kitchen articles and base metal mountings or fittings prevail over the general residual entry for furniture and parts thereof, and that HSN notes confirm Heading 9403 applies only where no prior heading covers the goods.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4807
Join Channel
TaxTMI 
