Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Capital gain arising out of sale of office used as registered office - not claimed depreciation under Income tax Act though claimed under companies Act - assessee being a private limited company, the Companies Act provides that the office premise should be shown as fixed asset, even if it is not held as a business asset but as an investment and earning rental income - taxable as LTCG
Capital gain arising out of sale of office used as registered office - not claimed depreciation under Income tax Act though claimed under companies Act - assessee being a private limited company, the Companies Act provides that the office premise should be shown as fixed asset, even if it is not held as a business asset but as an investment and earning rental income - taxable as LTCG
Note: It is a system-generated summary and is for quick reference only.
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