Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Import of Gold granules (non-monetary) - gold granules were neither imported on a consignment basis nor on a credit basis - The importer/appellant paid an advance payment through bank Letter of Credit/Swift - the contention that the Appellants are prohibited from importing gold granules, is not legally sustainable
Import of Gold granules (non-monetary) - gold granules were neither imported on a consignment basis nor on a credit basis - The importer/appellant paid an advance payment through bank Letter of Credit/Swift - the contention that the Appellants are prohibited from importing gold granules, is not legally sustainable
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