Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
Priority of set-off: brought forward business losses must be adjusted before unabsorbed depreciation; procedural safeguards required for invoking rest...
Classification of imported WD989/RLB989 tyres was determined by applying the General Rules for Interpretation, giving primacy to tariff headings and chapter/section notes and relying on manufacturer technical literature as reliable evidence of design and commercial identity. The Authority rejected end use alone as determinative and held that the tyres' design and technical parameters correspond to Truck and Bus Radial (TBR) type tyres. Operatively, the tyres are classifiable under HS subheading 4011 20 10 of the First Schedule to the Customs Tariff Act, 1975; asserted dominant mining use did not displace the design based classification.
Classification of imported WD989/RLB989 tyres was determined by applying the General Rules for Interpretation, giving primacy to tariff headings and chapter/section notes and relying on manufacturer technical literature as reliable evidence of design and commercial identity. The Authority rejected end use alone as determinative and held that the tyres' design and technical parameters correspond to Truck and Bus Radial (TBR) type tyres. Operatively, the tyres are classifiable under HS subheading 4011 20 10 of the First Schedule to the Customs Tariff Act, 1975; asserted dominant mining use did not displace the design based classification.
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