Toy balloon tariff classification: functional heading prevails over residual rubber and festive article headings, supporting penalties for deliberate ...
Customs valuation using comparable contemporaneous imports can displace declared value, while missing speaking orders require pursuit before competent...
Foreign customs declarations and importer admissions established undervaluation, supporting sequential value redetermination, differential duty, and m...
Customs seizure safeguards prevent detention-based limitation avoidance and invalidate provisional release conditions for imported vehicles under an i...
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Payment made to a labour union for facilitating a mutually acceptable settlement with workers was examined for allowability as business expenditure under s. 37(1) on the test of commercial expediency. Since the taxpayer demonstrated a direct nexus between the payment (made through banking channels) and its business activity of resolving labour issues through dialogue and settlement, the expenditure was held to be incurred wholly and exclusively for the purposes of business. Accordingly, the deduction under s. 37(1) was allowed and the appeal was allowed. - ITAT
Payment made to a labour union for facilitating a mutually acceptable settlement with workers was examined for allowability as business expenditure under s. 37(1) on the test of commercial expediency. Since the taxpayer demonstrated a direct nexus between the payment (made through banking channels) and its business activity of resolving labour issues through dialogue and settlement, the expenditure was held to be incurred wholly and exclusively for the purposes of business. Accordingly, the deduction under s. 37(1) was allowed and the appeal was allowed. - ITAT
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