Capital Gain Deductibility: proportionate IPO and PMS expenses held allowable against capital gains where netting and nexus to transfer are establishe...
Admissibility of Documentary Evidence: appellate authority may admit self explanatory documents on first production and uphold deletion of unexplained...
Classification dispute over imported vitamin concentrates for animal feed focused on whether goods fall under animal feed preparations or chemically defined vitamins. The tribunal applied the common parlance/trade parlance test and held end use is a relevant factor but classification begins with GRI 1, applying headings and chapter notes primarily. Reliance on HSN is permissible only if fully aligned with the First Schedule, limiting HSN where divergences exist. Prior Tribunal authority classifying similar vitamin-containing imports as animal feed preparations under Heading 2309 was followed, resulting in the appeal being disposed in favour of classification as animal feed preparations.
Classification dispute over imported vitamin concentrates for animal feed focused on whether goods fall under animal feed preparations or chemically defined vitamins. The tribunal applied the common parlance/trade parlance test and held end use is a relevant factor but classification begins with GRI 1, applying headings and chapter notes primarily. Reliance on HSN is permissible only if fully aligned with the First Schedule, limiting HSN where divergences exist. Prior Tribunal authority classifying similar vitamin-containing imports as animal feed preparations under Heading 2309 was followed, resulting in the appeal being disposed in favour of classification as animal feed preparations.
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