Food import sampling requirements support provisional release where unseized consignments conform to standards and raw areca classification is unestab...
Diagnostic microcuvette classification follows sole-use analytical function, placing specialised disposable cuvettes with their analyser rather than g...
Customs Broker licensing proceedings fail when their offence-report foundation collapses and authorisation, advisory, and KYC duties remain unbreached...
Tariff classification of Digital Axle Counters affirmed as electro-mechanical railway signalling equipment, eliminating duty, confiscation and penalty...
Recorded cash sales deposited during demonetisation cannot be treated as unexplained where books, sale bills, stock records and cash balances are accepted, since this would tax the same receipts twice. Rental income reflected in Form 26AS requires reconciliation and verification, with corresponding relief or tax credit where warranted. Business expenditure remains disallowable where the claim that tax withholding was unnecessary is unsupported. A challenge to penalty initiation before a penalty order is premature. Alleged unexplained receipts in a running account must account for debit entries and repayments rather than aggregate gross receipts. Reversal of overdraft interest is not taxable as cessation of liability when only net interest was debited and the reversed amount was not separately claimed.
Recorded cash sales deposited during demonetisation cannot be treated as unexplained where books, sale bills, stock records and cash balances are accepted, since this would tax the same receipts twice. Rental income reflected in Form 26AS requires reconciliation and verification, with corresponding relief or tax credit where warranted. Business expenditure remains disallowable where the claim that tax withholding was unnecessary is unsupported. A challenge to penalty initiation before a penalty order is premature. Alleged unexplained receipts in a running account must account for debit entries and repayments rather than aggregate gross receipts. Reversal of overdraft interest is not taxable as cessation of liability when only net interest was debited and the reversed amount was not separately claimed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4878 
