Pre-trial bail granted where custodial period, documentary prosecution, and magistrate-triable offence favor release subject to surety and no witness ...
Allowability of Salary Exemptions: Form 16 entries can substantiate HRA and other salary exemptions, and home loan interest is deductible for a self-o...
Capital gains exemption: payment for plot, architect fees and bona fide commencement of construction can satisfy utilisation requirement and secure re...
Tribunal held that where original goods were exported, a replacement consignment was subsequently exported and the defective originals were re-imported, and a chartered accountant certified no extra charge and that export benefits were claimed only once, the re-importation falls under the provision for replacement consignments (Sr. No. 5) rather than the general re-importation entry (Sr. No. 1). Consequently the appellant may retain the export benefits taken on the original export, is not liable to reverse them with interest, and the amount surrendered to clear the re-imported goods must be refunded on application.
Tribunal held that where original goods were exported, a replacement consignment was subsequently exported and the defective originals were re-imported, and a chartered accountant certified no extra charge and that export benefits were claimed only once, the re-importation falls under the provision for replacement consignments (Sr. No. 5) rather than the general re-importation entry (Sr. No. 1). Consequently the appellant may retain the export benefits taken on the original export, is not liable to reverse them with interest, and the amount surrendered to clear the re-imported goods must be refunded on application.
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