Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Compensation paid to BSNL employees under the BSNL Voluntary Retirement Scheme, 2019 was treated as retrenchment compensation because the payment arose from a forced workforce reduction under the Government-approved revival plan. Applying its earlier ruling on the same scheme, the ITAT held that the receipt fell under section 10(10B), not section 10(10C), and was a capital receipt exempt from tax. The assessees were therefore entitled to exemption, with directions to file revised computations before the jurisdictional Assessing Officers for consequential verification and refund, if due.
Compensation paid to BSNL employees under the BSNL Voluntary Retirement Scheme, 2019 was treated as retrenchment compensation because the payment arose from a forced workforce reduction under the Government-approved revival plan. Applying its earlier ruling on the same scheme, the ITAT held that the receipt fell under section 10(10B), not section 10(10C), and was a capital receipt exempt from tax. The assessees were therefore entitled to exemption, with directions to file revised computations before the jurisdictional Assessing Officers for consequential verification and refund, if due.
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