Imported menthol-scented sweet supari classification dispute: seizure quashed, release for home consumption subject to duty bond; bank guarantee refus...
CKD/SKD air-conditioner components classifiable with finished units by essential character; prior advance ruling extended three years, FTA benefits po...
Scope of judicial review under Article 226: supervisory, not appellate; factual reappraisal barred, challenge dismissed; insolvency professional dutie...
Whether distinct NP rates applied to separate businesses: AO applied a uniform 8% NP rate to both iron-scrap and livestock sales without any intelligible differentia; books of account contained no pointed defects. Tribunal accepted CIT(A)'s reliance on comparable assessments showing NP rates of 0.15-0.23% for livestock turnover and held that differential cost structures warrant a lower NP rate for animal sales; consequently the 0.22% NP rate was applied to livestock/animal sales and the AO's uniform 8% determination was set aside - ITAT
Whether distinct NP rates applied to separate businesses: AO applied a uniform 8% NP rate to both iron-scrap and livestock sales without any intelligible differentia; books of account contained no pointed defects. Tribunal accepted CIT(A)'s reliance on comparable assessments showing NP rates of 0.15-0.23% for livestock turnover and held that differential cost structures warrant a lower NP rate for animal sales; consequently the 0.22% NP rate was applied to livestock/animal sales and the AO's uniform 8% determination was set aside - ITAT
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