Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Conversion of shipping bills - conversion from Draw Back Scheme to Advance License Scheme - The Tribunal examined the provisions of Circular No. 36/2010 and concluded that while conversion from more rigorous to less rigorous examination schemes was permitted, the reverse was not allowed. Since the appellants sought conversion to a scheme involving more rigorous examination after availing benefits under the Drawback Scheme, their request was denied. The CESTAT upheld the validity of condition 3(e) of the circular, which precluded conversion after availing benefits under a particular scheme. Consequently, the appeal was dismissed, affirming the decision of the lower authority.
Conversion of shipping bills - conversion from Draw Back Scheme to Advance License Scheme - The Tribunal examined the provisions of Circular No. 36/2010 and concluded that while conversion from more rigorous to less rigorous examination schemes was permitted, the reverse was not allowed. Since the appellants sought conversion to a scheme involving more rigorous examination after availing benefits under the Drawback Scheme, their request was denied. The CESTAT upheld the validity of condition 3(e) of the circular, which precluded conversion after availing benefits under a particular scheme. Consequently, the appeal was dismissed, affirming the decision of the lower authority.
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