Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh rev...
Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identifi...
Industrial shrimp-feed machinery classification follows its commercial function, placing integrated production plants under the specific industrial fo...
For sales before 1 June 2003, the tax-collection-at-source entry for alcoholic liquor for human consumption expressly excluded Indian Made Foreign Liquor (IMFL). As IMFL was undefined in the Income-tax Act, its meaning was considered in commercial and statutory context; the Tribunal's classification of beer as IMFL was treated as a reasonable view. State excise classifications could assist but could not control the Income-tax Act. The later deletion of the IMFL exclusion broadened the entry prospectively. Consequently, beer sales fell outside the earlier entry, so no tax-collection obligation, default liability, or consequential interest arose.
For sales before 1 June 2003, the tax-collection-at-source entry for alcoholic liquor for human consumption expressly excluded Indian Made Foreign Liquor (IMFL). As IMFL was undefined in the Income-tax Act, its meaning was considered in commercial and statutory context; the Tribunal's classification of beer as IMFL was treated as a reasonable view. State excise classifications could assist but could not control the Income-tax Act. The later deletion of the IMFL exclusion broadened the entry prospectively. Consequently, beer sales fell outside the earlier entry, so no tax-collection obligation, default liability, or consequential interest arose.
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