Rental income valuation requires credible local comparables; family-business salary and commercially expedient unsecured-loan interest remained deduct...
Strict construction of customs exemptions denied concession for brake components, while limitation restricted differential duty to timely Bills of Ent...
Way Leave Permissions cannot be retrospectively revived through insolvency plans, and affected infrastructure holders require safety review and hearin...
Import of goods at concessional rate of duty - Process amounting to manufacture - Assembly from semi-knockdown condition to full TV - Goods imported not in semi-knockdown condition but individual items separately classifiable under different headings - Even if components sourced locally, assembly of TV from individual components constitutes process of manufacture - No evidence of imports under semi-knockdown condition - Appeal by revenue lacks merit, dismissed - Appellate Tribunal's decision upheld.
Import of goods at concessional rate of duty - Process amounting to manufacture - Assembly from semi-knockdown condition to full TV - Goods imported not in semi-knockdown condition but individual items separately classifiable under different headings - Even if components sourced locally, assembly of TV from individual components constitutes process of manufacture - No evidence of imports under semi-knockdown condition - Appeal by revenue lacks merit, dismissed - Appellate Tribunal's decision upheld.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4894 
