Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
Mandatory penalty u/s 114A of the Customs Act, 1962 not imposed - imported goods as “Polyester Bed Sheet”- mis-classified the impugned goods - The case involves a dispute over the classification of imported goods. The Revenue contended that the goods should be classified as "Polyester Woven Fabrics" under CTH 5407, while the respondent classified them as "Polyester Bed Sheet" under CTH 6304. The Tribunal ruled in favor of the respondent, determining that the goods were correctly classified as "Bed spreads" under CTH 6304 and dismissed the appeal filed by the Revenue.
Mandatory penalty u/s 114A of the Customs Act, 1962 not imposed - imported goods as “Polyester Bed Sheet”- mis-classified the impugned goods - The case involves a dispute over the classification of imported goods. The Revenue contended that the goods should be classified as "Polyester Woven Fabrics" under CTH 5407, while the respondent classified them as "Polyester Bed Sheet" under CTH 6304. The Tribunal ruled in favor of the respondent, determining that the goods were correctly classified as "Bed spreads" under CTH 6304 and dismissed the appeal filed by the Revenue.
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