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...
Classification dispute over aluminium layered oil coolers turns on tariff scope and essential character: the units function solely as plate type heat exchangers transferring heat between oil and coolant and do not perform vehicle propulsion, transmission, steering, braking or structural functions. Applying GRI 1 and GRI 3(a), and Section XVII explanatory notes, the goods are specifically described by the subheading for plate type heat exchange units and are excluded from Chapter 87 motor vehicle parts. Consequently, the goods are classifiable under Customs Tariff Sub heading 8419.50.92 as plate type heat exchange units.
Classification dispute over aluminium layered oil coolers turns on tariff scope and essential character: the units function solely as plate type heat exchangers transferring heat between oil and coolant and do not perform vehicle propulsion, transmission, steering, braking or structural functions. Applying GRI 1 and GRI 3(a), and Section XVII explanatory notes, the goods are specifically described by the subheading for plate type heat exchange units and are excluded from Chapter 87 motor vehicle parts. Consequently, the goods are classifiable under Customs Tariff Sub heading 8419.50.92 as plate type heat exchange units.
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