Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
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Related-party advances by a charitable society did not warrant denial of exemption where the construction advance arose in ordinary construction activity and no evidence showed personal benefit to specified persons, overpricing, or non-arm's-length terms. Advances to registered charitable institutions were not shown to divert funds for private benefit. Section 40A(2)(a) could not apply because the disputed interest was paid to unrelated banks, making the related disallowance and notional-interest addition unsustainable. Donations to registered charitable entities undertaking charitable activities were permissible application of income, and scholarships were claimed as charitable application. The disallowances were deleted and exemption under sections 11 and 12 was extended.
Related-party advances by a charitable society did not warrant denial of exemption where the construction advance arose in ordinary construction activity and no evidence showed personal benefit to specified persons, overpricing, or non-arm's-length terms. Advances to registered charitable institutions were not shown to divert funds for private benefit. Section 40A(2)(a) could not apply because the disputed interest was paid to unrelated banks, making the related disallowance and notional-interest addition unsustainable. Donations to registered charitable entities undertaking charitable activities were permissible application of income, and scholarships were claimed as charitable application. The disallowances were deleted and exemption under sections 11 and 12 was extended.
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