Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
HC interpreted the phrase "MIMO and LTE Products" in clause (iv) of Serial No. 13 of N/N. 11/2014-Customs dated 11th July, 2014, following the precedent established in Commissioner of Customs v. Ingram Micro India Pvt. Ltd. The Court affirmed CESTAT's interpretation that the exclusion clause applies only to products combining both MIMO technology and LTE standards, not to products featuring either technology alone. Consequently, Wireless Access Points employing only MIMO technology without LTE standards remained eligible for Basic Customs Duty exemption. The Court found no question of law requiring determination and dismissed the appeal.
HC interpreted the phrase "MIMO and LTE Products" in clause (iv) of Serial No. 13 of N/N. 11/2014-Customs dated 11th July, 2014, following the precedent established in Commissioner of Customs v. Ingram Micro India Pvt. Ltd. The Court affirmed CESTAT's interpretation that the exclusion clause applies only to products combining both MIMO technology and LTE standards, not to products featuring either technology alone. Consequently, Wireless Access Points employing only MIMO technology without LTE standards remained eligible for Basic Customs Duty exemption. The Court found no question of law requiring determination and dismissed the appeal.
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