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...
The corrigendum to earlier notification modifies clause E of the earlier notification, particularly regarding disclosures required in Form 3D under the Micro, Small and Medium Enterprises Development Act, 2006. It inserts additional language after the mention of the year 2006, specifying that any amount not allowable under clause (h) of section 43B of the Income-tax Act, 1961, must be disclosed. - Originally the notification proposes to modify the clause 26 of the Form 3CD. Now through corrigenda clause 22 is modified instead of 26
The corrigendum to earlier notification modifies clause E of the earlier notification, particularly regarding disclosures required in Form 3D under the Micro, Small and Medium Enterprises Development Act, 2006. It inserts additional language after the mention of the year 2006, specifying that any amount not allowable under clause (h) of section 43B of the Income-tax Act, 1961, must be disclosed. - Originally the notification proposes to modify the clause 26 of the Form 3CD. Now through corrigenda clause 22 is modified instead of 26
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