Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
The circular issued by the Central Board of Excise and Customs on January 1, 2013, instructs department officers to initiate recovery proceedings on confirmed demands unless a stay order is in place. The article outlines the appeal process and time limits under the Central Excise Act, 1944, and the Finance Act, 1994, for both central excise and service tax. It emphasizes the importance of filing appeals and stay petitions promptly to prevent recovery actions. The article also highlights legal recourse, such as filing writ petitions in High Courts, to seek interim relief against coercive recovery measures by the department.
The circular issued by the Central Board of Excise and Customs on January 1, 2013, instructs department officers to initiate recovery proceedings on confirmed demands unless a stay order is in place. The article outlines the appeal process and time limits under the Central Excise Act, 1944, and the Finance Act, 1994, for both central excise and service tax. It emphasizes the importance of filing appeals and stay petitions promptly to prevent recovery actions. The article also highlights legal recourse, such as filing writ petitions in High Courts, to seek interim relief against coercive recovery measures by the department.
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