Trademark depreciation and section 14A adjustments: ITAT applies consistency, independent book-profit computation, and no disallowance without exempt ...
Rebuttable search presumptions and corroboration standards shaped deletion of unsubstantiated additions, while rental income and limited profit estima...
Concessional customs duty under Notification No. 57/2017-Customs remains available for imported inputs and parts imported for use in manufacture, even where some material is consumed, damaged, or scrapped during the manufacturing process, so long as the IGCR Rules, 2022 are complied with. The text applies a literal reading of the notification and rules, treats "for use" as intended use in manufacture, and rejects importing conditions from SION norms or the separate MOOWR regime. It concludes that the exemption cannot be denied merely because inputs are not physically present in the finished product.
Concessional customs duty under Notification No. 57/2017-Customs remains available for imported inputs and parts imported for use in manufacture, even where some material is consumed, damaged, or scrapped during the manufacturing process, so long as the IGCR Rules, 2022 are complied with. The text applies a literal reading of the notification and rules, treats "for use" as intended use in manufacture, and rejects importing conditions from SION norms or the separate MOOWR regime. It concludes that the exemption cannot be denied merely because inputs are not physically present in the finished product.
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