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...
Assessee received retrenchment compensation under a government approved and funded BSNL Voluntary Retirement Scheme. Tribunal applied the protection in the second proviso to section 10(10B), concluding such severance falls within tax exemption and therefore does not form taxable income; accordingly no tax was exigible or required to be deducted from the package. On identical factual matrix to a coordinate Bench decision, the Tribunal allowed the appeals for the relevant assessment years and held the retrenchment compensation exempt under section 10(10B).
Assessee received retrenchment compensation under a government approved and funded BSNL Voluntary Retirement Scheme. Tribunal applied the protection in the second proviso to section 10(10B), concluding such severance falls within tax exemption and therefore does not form taxable income; accordingly no tax was exigible or required to be deducted from the package. On identical factual matrix to a coordinate Bench decision, the Tribunal allowed the appeals for the relevant assessment years and held the retrenchment compensation exempt under section 10(10B).
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