Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
CESTAT ruled on classification dispute regarding Light Green Float Glass imports. The appellant sought classification under CTI 7005 10 10 of Customs Tariff Act, 1975, qualifying for basic customs duty exemption under 01.06.2011 notification. Examining test reports from CSIR Kolkata confirming presence of absorbent layer on tin side (fluorescent under UV illumination), CESTAT upheld previous Commissioner (Appeals) order classifying goods under CTI 7005 10 10. The Tribunal determined that goods satisfied conditions of Note 2(c) of Chapter 70, rejecting department's contention for classification under CTI 7005 21 10. Appeal dismissed, confirming classification under CTI 7005 10 10 with applicable duty exemption benefits.
CESTAT ruled on classification dispute regarding Light Green Float Glass imports. The appellant sought classification under CTI 7005 10 10 of Customs Tariff Act, 1975, qualifying for basic customs duty exemption under 01.06.2011 notification. Examining test reports from CSIR Kolkata confirming presence of absorbent layer on tin side (fluorescent under UV illumination), CESTAT upheld previous Commissioner (Appeals) order classifying goods under CTI 7005 10 10. The Tribunal determined that goods satisfied conditions of Note 2(c) of Chapter 70, rejecting department's contention for classification under CTI 7005 21 10. Appeal dismissed, confirming classification under CTI 7005 10 10 with applicable duty exemption benefits.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
