Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
The High Court considered a case regarding the refund of terminal benefits of excise duty for deemed exports u/s Sl.No.511 of N/N.12/2012-cus. The petitioner, a successful bidder for a construction project, argued that deemed exports are entitled to the same benefits as physical exports. The court found that the petitioner was entitled to the Terminal Excise Duty (TED) as per the contract terms, supported by relevant documents. The court held that the petitioner's claim cannot be rejected solely on the grounds that the goods supplied do not qualify as deemed exports. The court quashed the impugned order, ruling in favor of the petitioner.
The High Court considered a case regarding the refund of terminal benefits of excise duty for deemed exports u/s Sl.No.511 of N/N.12/2012-cus. The petitioner, a successful bidder for a construction project, argued that deemed exports are entitled to the same benefits as physical exports. The court found that the petitioner was entitled to the Terminal Excise Duty (TED) as per the contract terms, supported by relevant documents. The court held that the petitioner's claim cannot be rejected solely on the grounds that the goods supplied do not qualify as deemed exports. The court quashed the impugned order, ruling in favor of the petitioner.
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