Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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CESTAT upheld Revenue's classification of the imported 50 GSM coated paper in rolls under CTSH 4810 13, specifically CTI 4810 13 90, rejecting the appellant's claim for classification under CTI 4810 19 90 or CTI 4810 29 00. Consequently, the benefit of exemption under N/N. 152/2009, as amended by N/N. 66/2016 (S. No. 385), was denied, and the demand for differential customs duty with applicable interest on the wrongly self-assessed Bills of Entry was confirmed. However, CESTAT held that the goods were not liable to confiscation under Section 111(o) of the Customs Act, 1962, and accordingly set aside the confiscation and the penalty imposed under Section 112. The appeal was thus partly allowed.
CESTAT upheld Revenue's classification of the imported 50 GSM coated paper in rolls under CTSH 4810 13, specifically CTI 4810 13 90, rejecting the appellant's claim for classification under CTI 4810 19 90 or CTI 4810 29 00. Consequently, the benefit of exemption under N/N. 152/2009, as amended by N/N. 66/2016 (S. No. 385), was denied, and the demand for differential customs duty with applicable interest on the wrongly self-assessed Bills of Entry was confirmed. However, CESTAT held that the goods were not liable to confiscation under Section 111(o) of the Customs Act, 1962, and accordingly set aside the confiscation and the penalty imposed under Section 112. The appeal was thus partly allowed.
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