Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are estab...
Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
Classification of "G Type Tempered Glass Lid" under the appropriate tariff heading, either 7013 or 7010. It is held that glass lids are covered under heading 7010, which specifically mentions "stoppers, lids and other closures, of glass" as an independent entry, distinct from the other items like bottles, jars, etc. Heading 7013 does not have a specific entry for glass lids. The revenue's contention that lids under 7010 should be of the goods mentioned in the same heading is incorrect, as the description of "stoppers, lids and other closures, of glass" is provided independently after a semicolon. Therefore, irrespective of its use, a glass lid is correctly classified under heading 7010, which specifically covers it, rather than 7013, which lacks a specific entry for glass lids.
Classification of "G Type Tempered Glass Lid" under the appropriate tariff heading, either 7013 or 7010. It is held that glass lids are covered under heading 7010, which specifically mentions "stoppers, lids and other closures, of glass" as an independent entry, distinct from the other items like bottles, jars, etc. Heading 7013 does not have a specific entry for glass lids. The revenue's contention that lids under 7010 should be of the goods mentioned in the same heading is incorrect, as the description of "stoppers, lids and other closures, of glass" is provided independently after a semicolon. Therefore, irrespective of its use, a glass lid is correctly classified under heading 7010, which specifically covers it, rather than 7013, which lacks a specific entry for glass lids.
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