Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
Floating seals are discussed as classifiable by their sole or principal use as machinery parts under tariff heading 8431 rather than as mechanical seals under heading 8484 where no admissible evidence establishes use in other machinery or equipment. The notes state that supplier invoices disclosed the imported goods to Customs and that the dispute concerned classification; on that basis, invocation of the extended limitation period was not sustainable. The resulting demand, confiscation, redemption fine and penalty were consequently set aside, with the appeal allowed and consequential relief granted.
Floating seals are discussed as classifiable by their sole or principal use as machinery parts under tariff heading 8431 rather than as mechanical seals under heading 8484 where no admissible evidence establishes use in other machinery or equipment. The notes state that supplier invoices disclosed the imported goods to Customs and that the dispute concerned classification; on that basis, invocation of the extended limitation period was not sustainable. The resulting demand, confiscation, redemption fine and penalty were consequently set aside, with the appeal allowed and consequential relief granted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4784
Join Channel
TaxTMI 
