Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
The AAR held that interactive flat panel displays (IFPDs) are primarily output/display devices with integrated touch and collaborative software and are not classifiable as automatic data processing (ADP) machines. It affirmed that the technical specifications issued by the Ministry and CBIC circularizing distinctions between IFPDs and conventional monitors are illustrative, not exhaustive, for tariff purposes. Consequently, the various anonymized models at issue qualify under tariff heading 85285900 rather than ADP headings, and attract GST at 28%. The Authority noted prior notification adjustments removing IGCR conditions for non-IFPD monitors and confirmed that classification depends on intended core functionality, not ancillary computing features.
The AAR held that interactive flat panel displays (IFPDs) are primarily output/display devices with integrated touch and collaborative software and are not classifiable as automatic data processing (ADP) machines. It affirmed that the technical specifications issued by the Ministry and CBIC circularizing distinctions between IFPDs and conventional monitors are illustrative, not exhaustive, for tariff purposes. Consequently, the various anonymized models at issue qualify under tariff heading 85285900 rather than ADP headings, and attract GST at 28%. The Authority noted prior notification adjustments removing IGCR conditions for non-IFPD monitors and confirmed that classification depends on intended core functionality, not ancillary computing features.
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