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...
CESTAT allowed the appeal, holding that the imported technical reports, test results and related printed materials are classifiable under CTH 49019900/49011010 rather than CTH 49119990. Applying the HSN Notes to Chapter 49, the Tribunal found such materials fall within headings for books, brochures and similar textual matter, and are not confined to publications for the general public. Consequently, the goods fall within Sl. No.302 of Notification No.50/2017-Cus. dated 30.06.2017 and are eligible for the notification benefit. The impugned orders denying the benefit were set aside and the appeal allowed.
CESTAT allowed the appeal, holding that the imported technical reports, test results and related printed materials are classifiable under CTH 49019900/49011010 rather than CTH 49119990. Applying the HSN Notes to Chapter 49, the Tribunal found such materials fall within headings for books, brochures and similar textual matter, and are not confined to publications for the general public. Consequently, the goods fall within Sl. No.302 of Notification No.50/2017-Cus. dated 30.06.2017 and are eligible for the notification benefit. The impugned orders denying the benefit were set aside and the appeal allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
