Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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GI welded wire mesh cleared for poultry farms was held classifiable under heading 7314, because tariff classification turns on the goods as manufactured and cleared, not their later use in poultry cages; a wire mesh does not become poultry keeping machinery or a part of it merely by intended use. The excise demand was therefore sustained only for the normal period, as the classification dispute involved competing entries and no deliberate suppression or misclassification was proved, so the extended period, section 11AC penalty, Rule 25 penalty and confiscation were set aside. The Tribunal also upheld service tax on erection, commissioning and installation activity at poultry farm sites. Personal penalty on the partner under Rule 26 failed because there was no evidence that he knew or had reason to believe the goods were liable to confiscation.
GI welded wire mesh cleared for poultry farms was held classifiable under heading 7314, because tariff classification turns on the goods as manufactured and cleared, not their later use in poultry cages; a wire mesh does not become poultry keeping machinery or a part of it merely by intended use. The excise demand was therefore sustained only for the normal period, as the classification dispute involved competing entries and no deliberate suppression or misclassification was proved, so the extended period, section 11AC penalty, Rule 25 penalty and confiscation were set aside. The Tribunal also upheld service tax on erection, commissioning and installation activity at poultry farm sites. Personal penalty on the partner under Rule 26 failed because there was no evidence that he knew or had reason to believe the goods were liable to confiscation.
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