Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
HC addressed provisional release of seized goods involving classification dispute between HSN entries 82.07 and 73.04 for self-drilling bars. While noting statutory appellate remedies should typically be exhausted before seeking writ jurisdiction, court considered prolonged seizure duration and regular import status. Given goods' detention since May 2024 and six-month petition pendency, HC ordered release under bond with 30% differential duty as bank guarantee, departing from standard 70-80% requirement. Decision balanced procedural requirements with commercial practicality, allowing expedited resolution while maintaining adequate security for customs authority pending final classification determination.
HC addressed provisional release of seized goods involving classification dispute between HSN entries 82.07 and 73.04 for self-drilling bars. While noting statutory appellate remedies should typically be exhausted before seeking writ jurisdiction, court considered prolonged seizure duration and regular import status. Given goods' detention since May 2024 and six-month petition pendency, HC ordered release under bond with 30% differential duty as bank guarantee, departing from standard 70-80% requirement. Decision balanced procedural requirements with commercial practicality, allowing expedited resolution while maintaining adequate security for customs authority pending final classification determination.
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