Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
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...
Market Linked Debentures now included in the definition of securities and transfer of such market linked securities is taxable under as short term capital gain as well, Earlier they were taxed as long term only @10% (without indexation).
Market Linked Debentures now included in the definition of securities and transfer of such market linked securities is taxable under as short term capital gain as well, Earlier they were taxed as long term only @10% (without indexation).
Note: It is a system-generated summary and is for quick reference only.