Social forestry expenditure requires activity-based classification, limiting book-profit adjustments and preserving penalty relief where normal additi...
Inaccurate-particulars penalties fail where transfer-pricing documentation shows good faith and due diligence, and underlying capital-gains additions ...
Transfer-pricing tolerance for software sub-licensing falls within the services range, eliminating the adjustment and requiring TDS-credit verificatio...
Customs exemption for paver finishers requires the imported machine itself to meet the prescribed paving-width condition when presented for import. Strict construction places the burden on the importer to prove compliance; bolt-on extensions not disclosed in the invoice cannot expand eligibility. The imported machine's undisclosed paving capability constituted misdeclaration, supporting extended-period duty recovery against the importing company. Personal penalty requires a specific allegation and finding of the director's act or omission contributing to the misdeclaration. In the absence of such individualised findings, the director's penalty was deleted, while exemption denial and the extended-period demand remained upheld.
Customs exemption for paver finishers requires the imported machine itself to meet the prescribed paving-width condition when presented for import. Strict construction places the burden on the importer to prove compliance; bolt-on extensions not disclosed in the invoice cannot expand eligibility. The imported machine's undisclosed paving capability constituted misdeclaration, supporting extended-period duty recovery against the importing company. Personal penalty requires a specific allegation and finding of the director's act or omission contributing to the misdeclaration. In the absence of such individualised findings, the director's penalty was deleted, while exemption denial and the extended-period demand remained upheld.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4894 
