Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
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Incidental micro-credit and financial facilitation by a charitable trust did not, by itself, negate charitable status for approval where the trust deed authorised self-help groups, micro-credit programmes and developmental initiatives. The Tribunal found no evidence of commerciality, profit-oriented conduct, surplus distribution or systematic business operations, and noted that the accounts showed no abnormal surplus while the reports reflected relief to the poor. It also relied on existing charitable registration as recognition of the trust's character. On that basis, the proviso to section 2(15) was held inapplicable and the rejection of approval was set aside.
Incidental micro-credit and financial facilitation by a charitable trust did not, by itself, negate charitable status for approval where the trust deed authorised self-help groups, micro-credit programmes and developmental initiatives. The Tribunal found no evidence of commerciality, profit-oriented conduct, surplus distribution or systematic business operations, and noted that the accounts showed no abnormal surplus while the reports reflected relief to the poor. It also relied on existing charitable registration as recognition of the trust's character. On that basis, the proviso to section 2(15) was held inapplicable and the rejection of approval was set aside.
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