Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
Customs Cargo Service Provider appointment extends custodianship to additional terminal land, subject to cargo-control, security and licence condition...
Higher depreciation for computer peripherals is supported where printers, scanners, modems and routers function as necessary accessories of a computer system, are included in the computer block, and consistent prior treatment is accepted. Production expenditure for TV news, serials and programmes is treated as revenue expenditure when it arises from regular business operations; possible repeat-telecast value alone does not establish an enduring capital benefit. A film software library is treated as an intangible business or commercial right eligible for depreciation at 25%, particularly where the same treatment was followed earlier. Depreciation on a proportionate non-compete fee allocated on demerger is sustained where the demerged entity received corresponding allowance and no contrary facts or decision exist.
Higher depreciation for computer peripherals is supported where printers, scanners, modems and routers function as necessary accessories of a computer system, are included in the computer block, and consistent prior treatment is accepted. Production expenditure for TV news, serials and programmes is treated as revenue expenditure when it arises from regular business operations; possible repeat-telecast value alone does not establish an enduring capital benefit. A film software library is treated as an intangible business or commercial right eligible for depreciation at 25%, particularly where the same treatment was followed earlier. Depreciation on a proportionate non-compete fee allocated on demerger is sustained where the demerged entity received corresponding allowance and no contrary facts or decision exist.
Note: It is a system-generated summary and is for quick reference only.
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