Classification of imported salvaged shaft pieces as ship parts confirmed, reassessment time-barred and appeal allowed restoring original classificatio...
Scope of intermediary status for data hosting services: tribunal finds provider not intermediary, services exported and not taxable, limited remand on...
CENVAT credit availability after omission of Rule 12B in textiles confirmed; late addendum to SCN introducing new grounds held time-barred and invalid...
Export of Wheat Flour and related products subject to online allocation, eligibility criteria, non-transferable six-month authorisations and reporting...
Deduction and computation of profits from the business of distribution of feature films under Rule 9B turned on whether computation could be made without maintained books of account. Rule 9B(5) was held mandatory, requiring that income be computed on the basis of the assessee's books, and the conditions in Rule 9B(5)(a)(i)-(iii) operate subject to the requirement of maintaining such books. Since the assessee admittedly failed to maintain books, the authority held that other evidences could only supplement, not substitute, the books for computation, and therefore rejected computation based on alternate material, deciding the issue in favour of the Revenue. - HC
Deduction and computation of profits from the business of distribution of feature films under Rule 9B turned on whether computation could be made without maintained books of account. Rule 9B(5) was held mandatory, requiring that income be computed on the basis of the assessee's books, and the conditions in Rule 9B(5)(a)(i)-(iii) operate subject to the requirement of maintaining such books. Since the assessee admittedly failed to maintain books, the authority held that other evidences could only supplement, not substitute, the books for computation, and therefore rejected computation based on alternate material, deciding the issue in favour of the Revenue. - HC
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