Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Triangular umbrella fabric panels are discussed as "made-up" textile articles because Section Note 7 to Section XI covers articles cut otherwise than into squares or rectangles. Once fabric is cut into triangular panels for umbrella assembly, it acquires the commercial identity of umbrella panels; Heading 6307 is therefore presented as more specific than Heading 5407 for woven synthetic filament fabric. The notes also address extended limitation in customs classification disputes: where the goods' description and claimed classification are fully declared in Bills of Entry and accepted on assessment, there is no suppression or misdeclaration to support recovery under the extended period.
Triangular umbrella fabric panels are discussed as "made-up" textile articles because Section Note 7 to Section XI covers articles cut otherwise than into squares or rectangles. Once fabric is cut into triangular panels for umbrella assembly, it acquires the commercial identity of umbrella panels; Heading 6307 is therefore presented as more specific than Heading 5407 for woven synthetic filament fabric. The notes also address extended limitation in customs classification disputes: where the goods' description and claimed classification are fully declared in Bills of Entry and accepted on assessment, there is no suppression or misdeclaration to support recovery under the extended period.
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