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...
Declared transaction value could not be rejected merely because the discount appeared abnormal, where the importer produced invoices, purchase orders and Cisco communications supporting the higher discount, and the Revenue's comparative material was not examined for comparability. The Tribunal noted there was no allegation of relationship between the importer and supplier or of any payment over and above invoice price. Because the evidentiary record on both sides had not been properly considered, the rejection of value was unsustainable. The order was set aside and the matter remanded for fresh examination of the documents and redetermination of assessable value.
Declared transaction value could not be rejected merely because the discount appeared abnormal, where the importer produced invoices, purchase orders and Cisco communications supporting the higher discount, and the Revenue's comparative material was not examined for comparability. The Tribunal noted there was no allegation of relationship between the importer and supplier or of any payment over and above invoice price. Because the evidentiary record on both sides had not been properly considered, the rejection of value was unsustainable. The order was set aside and the matter remanded for fresh examination of the documents and redetermination of assessable value.
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