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...
Where the Department's remand report accepted the assessee's explanation on notional interest, ad hoc disallowance of expenses, and addition of trade payables, there was no basis to sustain any addition. The ITAT found no reason to interfere with the CIT(A)'s deletion of the additions relating to notional interest on interest-free advances to a subsidiary, power, fuel, administrative and repair ? Wait no. Use English. and trade payables, and upheld the deletion of all disputed adjustments.
Where the Department's remand report accepted the assessee's explanation on notional interest, ad hoc disallowance of expenses, and addition of trade payables, there was no basis to sustain any addition. The ITAT found no reason to interfere with the CIT(A)'s deletion of the additions relating to notional interest on interest-free advances to a subsidiary, power, fuel, administrative and repair ? Wait no. Use English. and trade payables, and upheld the deletion of all disputed adjustments.
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