Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Court directs competent customs authority to consider petitioners' claim for waiver of export obligation and duty-saved amount for import of bamboo processing machines under Export Promotion Capital Goods Scheme within eight weeks. Interim order restraining coercive action against petitioners to remain operative until determination. Petition disposed off, without commenting on merits including promissory estoppel claim against respondents. Court finds petitioners made out case for consideration of waiver claim, particularly regarding lack of financial assistance in form of grants to industrial units in North-Eastern Region instead of returnable Technical Developmental Assistance.
Court directs competent customs authority to consider petitioners' claim for waiver of export obligation and duty-saved amount for import of bamboo processing machines under Export Promotion Capital Goods Scheme within eight weeks. Interim order restraining coercive action against petitioners to remain operative until determination. Petition disposed off, without commenting on merits including promissory estoppel claim against respondents. Court finds petitioners made out case for consideration of waiver claim, particularly regarding lack of financial assistance in form of grants to industrial units in North-Eastern Region instead of returnable Technical Developmental Assistance.
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