Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Mere crushing and screening of iron ore, involving only size reduction and segregation, do not amount to manufacture of iron ore concentrate under Chapter Note 4 to Chapter 26 unless the process includes beneficiation or other special treatment removing foreign matter and enriching ferrous content. The Tribunal treated the issue as covered by its earlier decisions and held that, because no such special treatment was shown, no excisable concentrate emerged. The duty demand, with interest and penalty, was therefore set aside and the appeal allowed.
Mere crushing and screening of iron ore, involving only size reduction and segregation, do not amount to manufacture of iron ore concentrate under Chapter Note 4 to Chapter 26 unless the process includes beneficiation or other special treatment removing foreign matter and enriching ferrous content. The Tribunal treated the issue as covered by its earlier decisions and held that, because no such special treatment was shown, no excisable concentrate emerged. The duty demand, with interest and penalty, was therefore set aside and the appeal allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4794
Join Channel
TaxTMI 
