Religious purpose exclusion versus charitable purpose: non overriding religious objects do not attract Explanation 3, registration directed under sect...
Search-assessment proviso jurisdiction, time-barred valuation reports, and denial of cross-examination vitiate valuation-based and confession-based ad...
Proceeds of crime: provisional attachment confirmed; equivalent value attachment and acquisition date fair market value upheld, Covid exclusion preser...
IGST exemption on imported engine stands claimed under Sr. No. 557B of Notification No. 50/2017 was remitted for fresh decision because the show cause notice itself treated the imports as lease-based and the existing bond documents were on record; the Principal Commissioner was directed to reconsider the claim after allowing the importer to file the lease agreements and supporting material. Classification of the engine stands was also remitted, as the Tribunal noted its earlier decision in Interglobe Aviation Ltd. classifying such goods under CTI 8609 00 00 rather than CTI 8716 39 00, and directed fresh examination in that light. No final merits determination was made on either issue.
IGST exemption on imported engine stands claimed under Sr. No. 557B of Notification No. 50/2017 was remitted for fresh decision because the show cause notice itself treated the imports as lease-based and the existing bond documents were on record; the Principal Commissioner was directed to reconsider the claim after allowing the importer to file the lease agreements and supporting material. Classification of the engine stands was also remitted, as the Tribunal noted its earlier decision in Interglobe Aviation Ltd. classifying such goods under CTI 8609 00 00 rather than CTI 8716 39 00, and directed fresh examination in that light. No final merits determination was made on either issue.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4809 
Join Channel 
