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...
The notification amends the composition of the specified authority constituted under the Explanation to section 72A of the Income-tax Act, 1961. It substitutes item 5 in Notification S.O. 710(E) to designate the Member (Legislation), Central Board of Direct Taxes, serving ex officio as Additional Secretary in the Department of Revenue, as a member of that authority. The amendment changes the listed membership of the committee responsible for functions assigned to the specified authority under section 72A.
The notification amends the composition of the specified authority constituted under the Explanation to section 72A of the Income-tax Act, 1961. It substitutes item 5 in Notification S.O. 710(E) to designate the Member (Legislation), Central Board of Direct Taxes, serving ex officio as Additional Secretary in the Department of Revenue, as a member of that authority. The amendment changes the listed membership of the committee responsible for functions assigned to the specified authority under section 72A.
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