Prohibited importation of cosmetics without prior regulatory registration attracts seizure and confiscation; warehousing or re export claims do not cu...
Provisional release on security permitted where cash deposit plus bond secures differential duty; classification and treaty benefits referred for deci...
Customs Valuation Rule Sequence must be followed; single-comparator re-determination and penalties set aside without comparability or proof of mis-dec...
Separately Identifiable Services: transportation found to be the essential character, so Cargo Handling classification and extended limitation rejecte...
Deduction under the capital gains exemption for purchase of a new residential property was allowed where the property was registered in a sister's name but the assessee paid the booking advance and entire purchase consideration from his bank accounts, produced provisional allotment, a memorandum of understanding, confirmation from the sister that registration was for convenience, a subsequent gift deed and municipal records; the tribunal noted that liberal interpretation commonly afforded to purchases by spouse or unmarried children does not automatically extend to other relatives, but on the documentary chain and source-of-funds the exemption's conditions were satisfied and the disallowance was deleted.
Deduction under the capital gains exemption for purchase of a new residential property was allowed where the property was registered in a sister's name but the assessee paid the booking advance and entire purchase consideration from his bank accounts, produced provisional allotment, a memorandum of understanding, confirmation from the sister that registration was for convenience, a subsequent gift deed and municipal records; the tribunal noted that liberal interpretation commonly afforded to purchases by spouse or unmarried children does not automatically extend to other relatives, but on the documentary chain and source-of-funds the exemption's conditions were satisfied and the disallowance was deleted.
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