Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
ITAT held that the assessee had actually declared dividend of Rs. 22.67 crores and paid DDT of Rs. 4.61 crores thereon, and that the higher figure of Rs. 27.26 crores in the ROI was an inadvertent inclusion of DDT in the dividend figure. ITAT noted that the assessee had substantiated this with financial statements before CPC and the AO, and that the AO's reliance solely on the ROI figure was unjustified. The addition made towards excess DDT liability was therefore held to be unsustainable and directed to be deleted. On depreciation for assets acquired pursuant to demerger from a state entity, ITAT followed its earlier years' decisions and upheld the assessee's depreciation claim, allowing the appeal.
ITAT held that the assessee had actually declared dividend of Rs. 22.67 crores and paid DDT of Rs. 4.61 crores thereon, and that the higher figure of Rs. 27.26 crores in the ROI was an inadvertent inclusion of DDT in the dividend figure. ITAT noted that the assessee had substantiated this with financial statements before CPC and the AO, and that the AO's reliance solely on the ROI figure was unjustified. The addition made towards excess DDT liability was therefore held to be unsustainable and directed to be deleted. On depreciation for assets acquired pursuant to demerger from a state entity, ITAT followed its earlier years' decisions and upheld the assessee's depreciation claim, allowing the appeal.
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