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...
The sole issue is classification: whether the portable mobile, tablet, wearable and vehicle-mounted computers are portable automatic data processing (ADP) machines under Tariff Item 8471. Applying GRI 1 and Section/Chapter Notes, the authority found the devices meet the statutory ADP criteria (OS permitting diverse applications; programmability; data processing and automated execution) and satisfy subheading 8471 30 (portable, ≤10 kg, CPU, keyboard/display - touchscreen treated as input). Chapter Note 6(D)/(E) exclusions were inapplicable as these are complete ADP machines and data processing is their principal function. Precedent and CBIC guidance were held persuasive; outcome: classified under 84713090. - AAR
The sole issue is classification: whether the portable mobile, tablet, wearable and vehicle-mounted computers are portable automatic data processing (ADP) machines under Tariff Item 8471. Applying GRI 1 and Section/Chapter Notes, the authority found the devices meet the statutory ADP criteria (OS permitting diverse applications; programmability; data processing and automated execution) and satisfy subheading 8471 30 (portable, ≤10 kg, CPU, keyboard/display - touchscreen treated as input). Chapter Note 6(D)/(E) exclusions were inapplicable as these are complete ADP machines and data processing is their principal function. Precedent and CBIC guidance were held persuasive; outcome: classified under 84713090. - AAR
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