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...
Thirteen imported items used in a lithium-ion cell production line were assessed for tariff classification and eligibility to concessional duty under a use-based exemption for "parts, sub-parts, inputs or raw materials" for manufacture of lithium-ion cells. Given their functional indispensability in cell manufacturing and the chapter-neutral wording and object of the exemption, they were held squarely covered, applying the principle that strict construction of exemptions must not defeat legislative purpose; benefit was allowed subject to strict IGCR, 2022 compliance and actual end-use in cells under tariff item 8507 60 00. The adhesive tapes were classified under 3919 10 00; polyether-modified polysiloxane under 3910 00 90; POLYSOL LB-150J under 3903 90 90; and PVDF under 3904 69 90 - AAR
Thirteen imported items used in a lithium-ion cell production line were assessed for tariff classification and eligibility to concessional duty under a use-based exemption for "parts, sub-parts, inputs or raw materials" for manufacture of lithium-ion cells. Given their functional indispensability in cell manufacturing and the chapter-neutral wording and object of the exemption, they were held squarely covered, applying the principle that strict construction of exemptions must not defeat legislative purpose; benefit was allowed subject to strict IGCR, 2022 compliance and actual end-use in cells under tariff item 8507 60 00. The adhesive tapes were classified under 3919 10 00; polyether-modified polysiloxane under 3910 00 90; POLYSOL LB-150J under 3903 90 90; and PVDF under 3904 69 90 - AAR
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