Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Interest awarded under section 28 of the Land Acquisition Act, 1894 on enhanced compensation for compulsorily acquired agricultural land is examined in relation to taxation as income from other sources under section 56(2)(viii). The notes distinguish section 28 interest as an accretion to compensation rather than ordinary interest, and address the related treatment of tax deduction at source. They also highlight that the territorial jurisdiction of the Bombay High Court is relevant where the acquired land and assessing officer fall within that jurisdiction.
Interest awarded under section 28 of the Land Acquisition Act, 1894 on enhanced compensation for compulsorily acquired agricultural land is examined in relation to taxation as income from other sources under section 56(2)(viii). The notes distinguish section 28 interest as an accretion to compensation rather than ordinary interest, and address the related treatment of tax deduction at source. They also highlight that the territorial jurisdiction of the Bombay High Court is relevant where the acquired land and assessing officer fall within that jurisdiction.
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