Independent manufacturing undertaking eligibility preserves Section 80IA/80IB deductions, while machinery kept ready for use qualifies for depreciatio...
Assessing Officer Satisfaction Requirement Bars Penalty for Cash Receipt in Immovable-Property Sale Cases Where Initiation Lacks Recorded Satisfaction...
Self-assessed import entries remain appealable, while bona fide classification disputes without misdeclaration cannot justify confiscation or penaltie...
Actual-user customs exemption conditions permit turnkey project transfers when imported windmill components are exclusively used for installation and ...
Customs offence disqualification excludes civil contraventions, preventing refusal of a private bonded warehouse licence based solely on monetary pena...
Section 110(2) requires return of seized goods where no notice is issued within the prescribed period, unless the period is timely extended under its first proviso. Provisional release does not suspend this consequence, particularly where the provisional-release order excludes the goods concerned. Continued detention of imported machines and spare parts after one year without notice was therefore illegal, and release was directed subject to execution of a bond equal to their value.
Section 110(2) requires return of seized goods where no notice is issued within the prescribed period, unless the period is timely extended under its first proviso. Provisional release does not suspend this consequence, particularly where the provisional-release order excludes the goods concerned. Continued detention of imported machines and spare parts after one year without notice was therefore illegal, and release was directed subject to execution of a bond equal to their value.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4881 
