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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...
Section 54GB requires an investee company to have been incorporated in India within the stipulated period to qualify as an eligible company for capital-gains exemption. Commencement of business or manufacturing, acquisition of plant and machinery, or MSME registration cannot substitute for the legal incorporation date. A dormant company's later commencement of operations does not change its incorporation date under company law. Although incentive provisions may be construed liberally where ambiguous, an unambiguous exemption condition applies strictly. Investment in a company incorporated before the prescribed period therefore does not qualify for section 54GB exemption.
Section 54GB requires an investee company to have been incorporated in India within the stipulated period to qualify as an eligible company for capital-gains exemption. Commencement of business or manufacturing, acquisition of plant and machinery, or MSME registration cannot substitute for the legal incorporation date. A dormant company's later commencement of operations does not change its incorporation date under company law. Although incentive provisions may be construed liberally where ambiguous, an unambiguous exemption condition applies strictly. Investment in a company incorporated before the prescribed period therefore does not qualify for section 54GB exemption.
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