Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
The imported toll management system equipment qualified for exemption under Sl. No. 368 of Notification No. 12/2012-Cus. because the first appellant was duly appointed as a sub-contractor for the road project and condition No. 9(a) was sufficiently met; the Tribunal held that the original concession agreement need not name the sub-contractor if subsequent contracts and communications showed authorised engagement. Condition No. 9(b) was also not breached, as the Revenue misread the five-year sale or disposal restriction and the transfer of project equipment to the concessionaire after completion did not defeat the exemption. With exemption upheld, the duty demand, confiscation under Section 111(o), and penalties were set aside.
The imported toll management system equipment qualified for exemption under Sl. No. 368 of Notification No. 12/2012-Cus. because the first appellant was duly appointed as a sub-contractor for the road project and condition No. 9(a) was sufficiently met; the Tribunal held that the original concession agreement need not name the sub-contractor if subsequent contracts and communications showed authorised engagement. Condition No. 9(b) was also not breached, as the Revenue misread the five-year sale or disposal restriction and the transfer of project equipment to the concessionaire after completion did not defeat the exemption. With exemption upheld, the duty demand, confiscation under Section 111(o), and penalties were set aside.
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