Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Oil contained in bunker tanks in the engine room of a vessel imported for breaking up is classifiable under CTH 8908 along with the vessel itself. This issue has been decided by the Hon'ble Tribunal West Zonal Bench Ahmedabad in favor of ship breakers of Alang, allowing their appeal and setting aside the assessment of bills of entry and the order issued by the Commissioner (Appeal) Customs, Ahmedabad. The common finding is that the oil contained in the bunker tanks is classifiable under CTH 8908 along with the vessel imported for breaking up.
Oil contained in bunker tanks in the engine room of a vessel imported for breaking up is classifiable under CTH 8908 along with the vessel itself. This issue has been decided by the Hon'ble Tribunal West Zonal Bench Ahmedabad in favor of ship breakers of Alang, allowing their appeal and setting aside the assessment of bills of entry and the order issued by the Commissioner (Appeal) Customs, Ahmedabad. The common finding is that the oil contained in the bunker tanks is classifiable under CTH 8908 along with the vessel imported for breaking up.
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