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...
TDS credit cannot be denied merely because tax was deducted in the assessee's PAN for sale proceeds said to belong to another person, where the assessee was only a commission agent and the tax had in fact been deducted and deposited in the Government treasury. The Tribunal held that, on admitted facts, the assessee was entitled to credit of the amount actually deducted in his PAN. Section 199 read with Rule 37BA(2) did not justify refusal of credit on the ground that the underlying sale receipts belonged to the farmer; at most, the deduction was excessive, not non-creditable.
TDS credit cannot be denied merely because tax was deducted in the assessee's PAN for sale proceeds said to belong to another person, where the assessee was only a commission agent and the tax had in fact been deducted and deposited in the Government treasury. The Tribunal held that, on admitted facts, the assessee was entitled to credit of the amount actually deducted in his PAN. Section 199 read with Rule 37BA(2) did not justify refusal of credit on the ground that the underlying sale receipts belonged to the farmer; at most, the deduction was excessive, not non-creditable.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
