Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
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...
Page of 4784
Press 'Enter' after typing page number.
301 to 320 of 95673 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The High Court considered a case involving the release of seized goods u/s 110A. The issue was the non-issuance of a show cause notice within the stipulated time due to valuation and duty discrepancies of imported cutting blades. The Court held that a Circular from 2017 was superseded by a 2018 amendment exempting cases with provisional release from the time limit for issuing show cause notices. The Court allowed the appeal, setting aside the Tribunal's order. Two conditions were imposed for provisional release: execution of a bond and a bank guarantee. The Court affirmed the bond condition but directed the respondent to provide a bank guarantee of Rs. 25,00,000/- and a bond for Rs. 40,00,000/- to protect revenue interests. Upon compliance with the conditions, the seized goods would be provisionally released within 10 days. The appeal was disposed of, and the application closed.
The High Court considered a case involving the release of seized goods u/s 110A. The issue was the non-issuance of a show cause notice within the stipulated time due to valuation and duty discrepancies of imported cutting blades. The Court held that a Circular from 2017 was superseded by a 2018 amendment exempting cases with provisional release from the time limit for issuing show cause notices. The Court allowed the appeal, setting aside the Tribunal's order. Two conditions were imposed for provisional release: execution of a bond and a bank guarantee. The Court affirmed the bond condition but directed the respondent to provide a bank guarantee of Rs. 25,00,000/- and a bond for Rs. 40,00,000/- to protect revenue interests. Upon compliance with the conditions, the seized goods would be provisionally released within 10 days. The appeal was disposed of, and the application closed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4784
Join Channel
TaxTMI 
