Deferred Payment of Customs Duty extended to Eligible Manufacturer Importers with electronic registration and ICEGATE authentication for conditional c...
Tariff classification determines GST schedule and rate; beverages in Schedule III attract the higher rate, tea extracts and syrups in Schedule I attra...
Fraudulent trading requires cogent evidence of intent to defraud; ordinary-course payments protected, except post-insolvency withdrawals must be resto...
Donations to a registered political party were examined for eligibility for deduction under deduction for political donations after verification showed the party failed to file contribution reports under the Representation of the People Act and did not meet political party exemption compliance. The tribunal accepted factual findings that the party repeatedly claimed improper income-tax exemptions and that contribution-reporting lapses and contemporaneous statements indicated a scheme where cheque donations were returned in cash. Consequently, the donation was treated as bogus and not allowable as a deduction for the donor, and the donor's appeal against disallowance was dismissed.
Donations to a registered political party were examined for eligibility for deduction under deduction for political donations after verification showed the party failed to file contribution reports under the Representation of the People Act and did not meet political party exemption compliance. The tribunal accepted factual findings that the party repeatedly claimed improper income-tax exemptions and that contribution-reporting lapses and contemporaneous statements indicated a scheme where cheque donations were returned in cash. Consequently, the donation was treated as bogus and not allowable as a deduction for the donor, and the donor's appeal against disallowance was dismissed.
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