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...
Customs valuation must use comparable contemporary imports, while confiscation fines and penalties require proportionate recalculation on reassessed v...
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Imported polyester woven fabrics were treated as eligible for nil countervailing duty under an excise exemption notification, because an importer cannot be denied the benefit for non-fulfilment of a condition that is inherently incapable of being satisfied for imported goods, such as non-availment of CENVAT credit. Applying its earlier decision on identical facts, the Tribunal found no infirmity in the appellate order granting the exemption and sustained that order. The Revenue's challenge therefore failed.
Imported polyester woven fabrics were treated as eligible for nil countervailing duty under an excise exemption notification, because an importer cannot be denied the benefit for non-fulfilment of a condition that is inherently incapable of being satisfied for imported goods, such as non-availment of CENVAT credit. Applying its earlier decision on identical facts, the Tribunal found no infirmity in the appellate order granting the exemption and sustained that order. The Revenue's challenge therefore failed.
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