Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
The case involved a dispute u/s DGFT Notification No.77(RE-2008)/2004-2009 regarding the import classification of Round Ridge Cement Tiles. The issue was whether the tiles should be treated as 'processed tiles' subject to a minimum value requirement of US$ 50 per square meter. The appellant sought clarification from DGFT, which confirmed that the tiles were free for import under a specific HS code. The Tribunal held that the clarification from DGFT was valid, and the tiles could be imported free of restrictions, overturning the previous decision that imposed restrictions on the import. The impugned orders were set aside, and the appeal was allowed.
The case involved a dispute u/s DGFT Notification No.77(RE-2008)/2004-2009 regarding the import classification of Round Ridge Cement Tiles. The issue was whether the tiles should be treated as 'processed tiles' subject to a minimum value requirement of US$ 50 per square meter. The appellant sought clarification from DGFT, which confirmed that the tiles were free for import under a specific HS code. The Tribunal held that the clarification from DGFT was valid, and the tiles could be imported free of restrictions, overturning the previous decision that imposed restrictions on the import. The impugned orders were set aside, and the appeal was allowed.
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