Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
The SC disposed of the petition regarding classification of bicycle parts, specifically whether Chain Wheel and Free Wheel components qualify for import of CRCA and HR sheets under SION serial nos. C-50 to C-122. The Court noted that the High Court had not addressed the petitioner's principal argument, instead relying on the Canon India Pvt. Ltd. case. Without examining whether this contention was previously raised, the SC granted the petitioner liberty to return to the High Court by filing either a review application or other appropriate application so the High Court could properly consider the specific classification argument regarding bicycle parts.
The SC disposed of the petition regarding classification of bicycle parts, specifically whether Chain Wheel and Free Wheel components qualify for import of CRCA and HR sheets under SION serial nos. C-50 to C-122. The Court noted that the High Court had not addressed the petitioner's principal argument, instead relying on the Canon India Pvt. Ltd. case. Without examining whether this contention was previously raised, the SC granted the petitioner liberty to return to the High Court by filing either a review application or other appropriate application so the High Court could properly consider the specific classification argument regarding bicycle parts.
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