Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
Disciplinary proportionality requires penalties for Authorised Representative misconduct to match proven harm, leading to reconsideration of registrat...
Classification of goods - levy of VAT @ 4% or taxable @ 12.5% - Handicrafts - no hesitation in concluding that a product in order to qualify as “Handicrafts” for the purposes of application of entry no.128 of the third schedule to DVAT, must have been made “predominantly by hand” and it would be inconsequential if some part of the process involves use of some machinery. - HC
Classification of goods - levy of VAT @ 4% or taxable @ 12.5% - Handicrafts - no hesitation in concluding that a product in order to qualify as “Handicrafts” for the purposes of application of entry no.128 of the third schedule to DVAT, must have been made “predominantly by hand” and it would be inconsequential if some part of the process involves use of some machinery. - HC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
