Belated Form 10B filing during Covid-19 cannot defeat charitable exemption where genuine hardship warrants condonation and substantial justice prevail...
Limitation for consequential assessments runs from prescribed authority receipt, while verified purchases cannot be disallowed merely for unanswered s...
Higher depreciation for qualifying commercial vehicles, exempt-income disallowance, research deduction verification, and club-expense treatment clarif...
Charitable registration renewal cannot become an assessment of receipts, profitability or annual exemption compliance, requiring renewal and donation ...
AMP expenditure for own business is not an international transaction without an associated-enterprise arrangement, eliminating transfer pricing adjust...
Strict compliance with post-import conditions governed exemption under Notification No. 65/88-Cus.: cancellation of the DGHS certificates for failure to provide free treatment and reserve beds for the prescribed patient categories meant the importer lost the essential qualification for duty exemption, and recovery of duty foregone was upheld. The alternative claims under Notification No. 208/81-Cus. also failed because the separately imported Angioscope was only a component part, while the cardioscope and cardiac monitor entry was expressly excluded from the claimed benefit. On breach of the exemption conditions, the goods were liable to confiscation under Section 111(o), and the demand, redemption fine and penalty were sustained.
Strict compliance with post-import conditions governed exemption under Notification No. 65/88-Cus.: cancellation of the DGHS certificates for failure to provide free treatment and reserve beds for the prescribed patient categories meant the importer lost the essential qualification for duty exemption, and recovery of duty foregone was upheld. The alternative claims under Notification No. 208/81-Cus. also failed because the separately imported Angioscope was only a component part, while the cardioscope and cardiac monitor entry was expressly excluded from the claimed benefit. On breach of the exemption conditions, the goods were liable to confiscation under Section 111(o), and the demand, redemption fine and penalty were sustained.
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