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...
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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