Human-probability test defeats political donation deduction where banking records mask accommodation-entry fund layering and evidence shows non-genuin...
Commercial property status protects capital-gains exemption when residential-house ownership limits are tested, while agricultural-land character gove...
Investigation deposits refunded after failed customs demands fall outside the statutory appellate pre-deposit interest regime and may attract compensa...
Resolution plan finality extinguishes unquantified operational-creditor claims and pending proceedings unless the approved plan expressly preserves th...
Status Holder Incentive Scrip customs-duty exemption extends to thermic fluids treated as capital goods where they are initially charged into a manufacturing plant and directly support its operation. The definition of capital goods under the Foreign Trade Policy and the exemption notification covers plant, machinery, equipment and accessories required directly or indirectly for manufacture, including specified goods for initial charge. Thermic fluids supplying high-temperature heat at low pressure for continuous polycondensation form part of the plant because they are essential to polyester manufacture. Classification as chemicals or treatment as inputs under SION does not displace their functional character as capital goods.
Status Holder Incentive Scrip customs-duty exemption extends to thermic fluids treated as capital goods where they are initially charged into a manufacturing plant and directly support its operation. The definition of capital goods under the Foreign Trade Policy and the exemption notification covers plant, machinery, equipment and accessories required directly or indirectly for manufacture, including specified goods for initial charge. Thermic fluids supplying high-temperature heat at low pressure for continuous polycondensation form part of the plant because they are essential to polyester manufacture. Classification as chemicals or treatment as inputs under SION does not displace their functional character as capital goods.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4881 
