SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
Orthopaedic surgical tools used by surgeons, rather than appliances implanted in or strapped to patients, fall under CTH 9018 as surgical instruments; CTH 9021, read with Chapter Note 6, applies to appliances used by patients to prevent or correct deformities or support or hold body parts. Classification under CTH 9018 was sustained. Tools specifically designed for spinal surgery qualified as spinal instruments under List 30, preserving the basic customs duty exemption for the specified period. Schedule I IGST treatment also continued because, although the corresponding customs entry was later restricted, the identical IGST entry was not amended. The classification challenge failed, while challenges to the customs-duty and IGST benefits failed.
Orthopaedic surgical tools used by surgeons, rather than appliances implanted in or strapped to patients, fall under CTH 9018 as surgical instruments; CTH 9021, read with Chapter Note 6, applies to appliances used by patients to prevent or correct deformities or support or hold body parts. Classification under CTH 9018 was sustained. Tools specifically designed for spinal surgery qualified as spinal instruments under List 30, preserving the basic customs duty exemption for the specified period. Schedule I IGST treatment also continued because, although the corresponding customs entry was later restricted, the identical IGST entry was not amended. The classification challenge failed, while challenges to the customs-duty and IGST benefits failed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4879 
