Capital-gains exemption for charitable trusts extends to qualifying fixed deposits, while unrecoverable TDS write-offs may constitute income applicati...
India-UK treaty characterisation of telecom-service receipts as business profits withstands unilateral domestic-law amendments for Indian tax purposes...
Transfer-pricing reimbursement adjustments require uncontrolled comparables and cannot become expense-genuineness reviews, resulting in deletion of th...
Food import sampling requirements support provisional release where unseized consignments conform to standards and raw areca classification is unestab...
Customs exemption under Serial No. 404 read with List 33 covers goods described as equipment or units for specialised offshore and onshore petroleum-operation services, provided they also fall within the specified tariff chapters, headings, sub-headings or tariff items in the main notification table. Conformity with the tariff heading stated in List 33 is not required. A Mono Ethylene Glycol Reclamation Plant falling under Chapter 84 qualified because it was imported by a specified person for petroleum operations and matched the goods description. Regulatory certification and TRU clarification supported coverage. A later specific entry did not displace earlier eligibility under the general entry, and the exemption was treated as beneficial rather than ambiguous.
Customs exemption under Serial No. 404 read with List 33 covers goods described as equipment or units for specialised offshore and onshore petroleum-operation services, provided they also fall within the specified tariff chapters, headings, sub-headings or tariff items in the main notification table. Conformity with the tariff heading stated in List 33 is not required. A Mono Ethylene Glycol Reclamation Plant falling under Chapter 84 qualified because it was imported by a specified person for petroleum operations and matched the goods description. Regulatory certification and TRU clarification supported coverage. A later specific entry did not displace earlier eligibility under the general entry, and the exemption was treated as beneficial rather than ambiguous.
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TaxTMI 
TaxTMI 
of 4894 
