Jurisdictional validity of revision notices: incorrect official capacity and mere change of opinion invalidate revision of property income assessments...
Bogus-purchase additions are limited to embedded profit where corresponding sales are accepted, while accommodation-entry information can support reas...
Basic customs duty exemption under Notification No. 24/2015-Cus., available through debit of MEIS duty credit scrips, results in no Social Welfare Surcharge being payable on imported PET coke. The surcharge demand was treated as unsustainable where the underlying basic customs duty stood exempt under the MEIS Scheme. This treatment applies the settled position that Social Welfare Surcharge does not arise when basic customs duty is fully exempted under the relevant MEIS notification, with consequential relief following from the deletion of the surcharge demand.
Basic customs duty exemption under Notification No. 24/2015-Cus., available through debit of MEIS duty credit scrips, results in no Social Welfare Surcharge being payable on imported PET coke. The surcharge demand was treated as unsustainable where the underlying basic customs duty stood exempt under the MEIS Scheme. This treatment applies the settled position that Social Welfare Surcharge does not arise when basic customs duty is fully exempted under the relevant MEIS notification, with consequential relief following from the deletion of the surcharge demand.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
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