Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
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Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
AAR held that the imported LED monitor kits, comprising components listed at Sr. Nos. 1-16, 18-21, 24 and 30 of Table-I, are classifiable as complete LED monitors under CTH 8528, specifically CTI 85285200, by application of Rule 2(a) of the General Rules for Interpretation. The Authority found that these components, imported in unassembled form, possess the essential character of finished LED monitors capable of direct connection to, and use with, automatic data processing machines of heading 8471, requiring only assembly. Items at Sr. Nos. 17, 22, 23, 25-29, 31 and 32, being mere packing materials and accessories, were held classifiable under their respective headings in terms of Rule 5(b) GRI.
AAR held that the imported LED monitor kits, comprising components listed at Sr. Nos. 1-16, 18-21, 24 and 30 of Table-I, are classifiable as complete LED monitors under CTH 8528, specifically CTI 85285200, by application of Rule 2(a) of the General Rules for Interpretation. The Authority found that these components, imported in unassembled form, possess the essential character of finished LED monitors capable of direct connection to, and use with, automatic data processing machines of heading 8471, requiring only assembly. Items at Sr. Nos. 17, 22, 23, 25-29, 31 and 32, being mere packing materials and accessories, were held classifiable under their respective headings in terms of Rule 5(b) GRI.
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