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...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
CESTAT allowed the appeal and set aside the impugned orders, holding that the imported quicklime (lump form) is correctly classifiable under Customs Tariff Item 2522.1000 as claimed by the appellant-assessee. Relying on the Tribunal's prior decision and material facts, the Bench found the CaO purity in the consignments to be below 98%, thereby excluding them from Chapter sub-heading 2825.9090 which covers CaO of 98% purity or more. In absence of contrary evidence from Revenue, the reclassification to 2825.9090 was rejected and the original assessment under 2522.1000 was upheld, with consequential relief to the appellant.
CESTAT allowed the appeal and set aside the impugned orders, holding that the imported quicklime (lump form) is correctly classifiable under Customs Tariff Item 2522.1000 as claimed by the appellant-assessee. Relying on the Tribunal's prior decision and material facts, the Bench found the CaO purity in the consignments to be below 98%, thereby excluding them from Chapter sub-heading 2825.9090 which covers CaO of 98% purity or more. In absence of contrary evidence from Revenue, the reclassification to 2825.9090 was rejected and the original assessment under 2522.1000 was upheld, with consequential relief to the appellant.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
