Business deductions and transfer pricing issues: tribunal treatment of software write-offs, donation receipts, warranty provisions, and related expens...
Page of 4814
Press 'Enter' after typing page number.
2921 to 2940 of 96262 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Goods manufactured as health and nutritional supplements were classified under CTH 21069099 as food mixes, and assessment on retail sale price basis with 35% abatement was upheld. The Tribunal held that the notification benefit could be available in principle, but only on strict verification of the condition that no Cenvat credit was availed on inputs or input services; the matter was remanded for that limited verification and fresh quantification. It also held that complete non-registration and non-filing of excise returns constituted suppression with intent to evade duty, so the extended period and penalty liability were sustained, with penalty quantum left for re-determination in remand.
Goods manufactured as health and nutritional supplements were classified under CTH 21069099 as food mixes, and assessment on retail sale price basis with 35% abatement was upheld. The Tribunal held that the notification benefit could be available in principle, but only on strict verification of the condition that no Cenvat credit was availed on inputs or input services; the matter was remanded for that limited verification and fresh quantification. It also held that complete non-registration and non-filing of excise returns constituted suppression with intent to evade duty, so the extended period and penalty liability were sustained, with penalty quantum left for re-determination in remand.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
