Co-operative society's mandatory reserve and share capital fixed deposits with banks-interest treated as business income under 80P(2)(a)(iii) deductio...
Income tax reassessment reopening after four years on investigation tip, without s.147 proviso disclosure failure, struck down as borrowed satisfactio...
AAR held that the imported "PVT 360A Performance Vector Tester," configured with LTE/5G NR (up to Rel-17), FR1 cellular band coverage, base-station/small-cell transmitter measurements (including EVM, frequency error, output power), MIMO capabilities and production-test integrations, is "specially designed for telecommunications." Applying the specific over residuary rule, and relying on the HSN Explanatory Notes, AAR rejected the department's contention that it is a general-purpose tester classifiable under CTI 9030 89 90. Prior self-assessment under the residuary entry was held non-binding. The instrument was consequently classified under CTI 9030 40 00 of the Customs Tariff Act, 1975.
AAR held that the imported "PVT 360A Performance Vector Tester," configured with LTE/5G NR (up to Rel-17), FR1 cellular band coverage, base-station/small-cell transmitter measurements (including EVM, frequency error, output power), MIMO capabilities and production-test integrations, is "specially designed for telecommunications." Applying the specific over residuary rule, and relying on the HSN Explanatory Notes, AAR rejected the department's contention that it is a general-purpose tester classifiable under CTI 9030 89 90. Prior self-assessment under the residuary entry was held non-binding. The instrument was consequently classified under CTI 9030 40 00 of the Customs Tariff Act, 1975.
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