Split consignment classification treated complementary motorcycle parts as one imported motorcycle, sustaining valuation, confiscation and importer li...
Timely pronouncement of reserved judgments requires defined timelines, transparency measures, and remedial pathways to protect liberty and effective j...
Settlement-price depression requires proof of manipulation, not merely short exposure, late selling, or below-market orders, preserving disclosure pen...
Taxability of subsidy received under TUF scheme - revenue or capital receipts or reduction in value of fixed assets - to reduce from the cost of asset, the subsidy should be directly or indirectly used for acquiring an asset - In present case no asset was being acquired by using TUF subsidy therefore it should not be reduced from fixed assets - hence, such TUF subsidy is to be treated capital receipt
Taxability of subsidy received under TUF scheme - revenue or capital receipts or reduction in value of fixed assets - to reduce from the cost of asset, the subsidy should be directly or indirectly used for acquiring an asset - In present case no asset was being acquired by using TUF subsidy therefore it should not be reduced from fixed assets - hence, such TUF subsidy is to be treated capital receipt
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4894 
