Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
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The SC upheld the CESTAT's determination affirming the appellant's entitlement to the exemption under Notification No. 50/2017-Customs for parts/components imported for the manufacture of Lithium Ion Batteries. Despite the appellant producing power banks from these batteries, the Court found that the raw materials were rightly used in the manufacture of Lithium Ion Batteries which were subsequently utilized in power bank production. The claim for exemption was therefore valid. The appellant's contention regarding the extended period of limitation was not accepted. The SC found no merit to disturb the impugned order and dismissed the appeals accordingly.
The SC upheld the CESTAT's determination affirming the appellant's entitlement to the exemption under Notification No. 50/2017-Customs for parts/components imported for the manufacture of Lithium Ion Batteries. Despite the appellant producing power banks from these batteries, the Court found that the raw materials were rightly used in the manufacture of Lithium Ion Batteries which were subsequently utilized in power bank production. The claim for exemption was therefore valid. The appellant's contention regarding the extended period of limitation was not accepted. The SC found no merit to disturb the impugned order and dismissed the appeals accordingly.
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