Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Goods supplied to Indian Railways classified under Chapter 86 for brake systems, HVAC, couplers, doors, pantographs etc. Pantographs and parts exclusively used in railways or tramway locomotives, but classification guided by notes u/ss/Chapters of Central Excise Tariff. Revenue failed to establish case for classifying pantographs under CTH 8535. Extended period demand fails as no finding of intended duty evasion. Interest payable on delayed duty payment even without deceit as per Supreme Court ruling. No blameworthy act with intention to evade duty, hence no penalty. Appeal disposed.
Goods supplied to Indian Railways classified under Chapter 86 for brake systems, HVAC, couplers, doors, pantographs etc. Pantographs and parts exclusively used in railways or tramway locomotives, but classification guided by notes u/ss/Chapters of Central Excise Tariff. Revenue failed to establish case for classifying pantographs under CTH 8535. Extended period demand fails as no finding of intended duty evasion. Interest payable on delayed duty payment even without deceit as per Supreme Court ruling. No blameworthy act with intention to evade duty, hence no penalty. Appeal disposed.
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