Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
The case before CESTAT Bangalore involved a refund claim seeking the benefit of a Notification under the Indo-Sri Lanka Free Trade Agreement. The issue was whether the benefit of the Notification, not claimed earlier, was available to the appellant upon later claim after duty payment. The Tribunal held that since the goods were imported from Sri Lanka and the appellant provided the country-of-origin certificate, the benefit of the Notification should not be denied solely for not claiming it at the time of filing the Bill of Entry. The claim for reassessment/refund was filed within the prescribed time limit as per relevant Circular. Citing the decision in Hero Cycles vs. UOI, the Tribunal allowed the appeal, granting the benefit of the Notification and any consequential relief as per law.
The case before CESTAT Bangalore involved a refund claim seeking the benefit of a Notification under the Indo-Sri Lanka Free Trade Agreement. The issue was whether the benefit of the Notification, not claimed earlier, was available to the appellant upon later claim after duty payment. The Tribunal held that since the goods were imported from Sri Lanka and the appellant provided the country-of-origin certificate, the benefit of the Notification should not be denied solely for not claiming it at the time of filing the Bill of Entry. The claim for reassessment/refund was filed within the prescribed time limit as per relevant Circular. Citing the decision in Hero Cycles vs. UOI, the Tribunal allowed the appeal, granting the benefit of the Notification and any consequential relief as per law.
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