Food import sampling requirements support provisional release where unseized consignments conform to standards and raw areca classification is unestab...
Diagnostic microcuvette classification follows sole-use analytical function, placing specialised disposable cuvettes with their analyser rather than g...
Customs Broker licensing proceedings fail when their offence-report foundation collapses and authorisation, advisory, and KYC duties remain unbreached...
Tariff classification of Digital Axle Counters affirmed as electro-mechanical railway signalling equipment, eliminating duty, confiscation and penalty...
ITAT adjudicated multiple tax-related issues for the assessee. The tribunal allowed the appeal regarding R&D expenditure under section 35(2AB), finding that prior to 2016 amendment, no specific procedural methodology existed for certifying expenditure, thus the Assessing Officer erroneously disallowed the weighted deduction. The tribunal also deleted disallowance under section 40A(2)(b) regarding commission payments, noting identical facts from the preceding year. Regarding depreciation, ITAT held electrical installations are part of plant and machinery, thereby allowing 15% depreciation instead of 10% as originally proposed by the AO. The assessee's appeals were substantially allowed across all contested issues.
ITAT adjudicated multiple tax-related issues for the assessee. The tribunal allowed the appeal regarding R&D expenditure under section 35(2AB), finding that prior to 2016 amendment, no specific procedural methodology existed for certifying expenditure, thus the Assessing Officer erroneously disallowed the weighted deduction. The tribunal also deleted disallowance under section 40A(2)(b) regarding commission payments, noting identical facts from the preceding year. Regarding depreciation, ITAT held electrical installations are part of plant and machinery, thereby allowing 15% depreciation instead of 10% as originally proposed by the AO. The assessee's appeals were substantially allowed across all contested issues.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4888 
