Trademark depreciation and section 14A adjustments: ITAT applies consistency, independent book-profit computation, and no disallowance without exempt ...
Rebuttable search presumptions and corroboration standards shaped deletion of unsubstantiated additions, while rental income and limited profit estima...
Examination report finding that imported speakers were 'cone' type based on undisputed parabolic diaphragm shape was accepted, so the original classification as 'dome' type was set aside and the importer granted benefit under Notification No.21/2002 Cus. The tribunal held that classification by physical characteristics should ordinarily be resolved by expert sampling, but where the examination report is undisputed after prolonged litigation a remand was unnecessary. Invocation of the extended limitation proviso and imposition of penalties was rejected because no suppression or wilful misstatement was found; mere claim of an exemption does not amount to concealment.
Examination report finding that imported speakers were 'cone' type based on undisputed parabolic diaphragm shape was accepted, so the original classification as 'dome' type was set aside and the importer granted benefit under Notification No.21/2002 Cus. The tribunal held that classification by physical characteristics should ordinarily be resolved by expert sampling, but where the examination report is undisputed after prolonged litigation a remand was unnecessary. Invocation of the extended limitation proviso and imposition of penalties was rejected because no suppression or wilful misstatement was found; mere claim of an exemption does not amount to concealment.
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