Customs Valuation Rule Sequence must be followed; single-comparator re-determination and penalties set aside without comparability or proof of mis-dec...
Separately Identifiable Services: transportation found to be the essential character, so Cargo Handling classification and extended limitation rejecte...
Accumulation under section 11(2) could not be denied where the trust filed Form No. 10 within time, the stated purpose of repair, renovation and maintenance of temple-related premises fell within the trust's religious and charitable objects, and the accumulated funds were invested in fixed deposits with HDFC Bank, a permissible mode under section 11(5). Minor variations or general descriptions in Form No. 10 were held insufficient by themselves to defeat the benefit. Only the limited factual issue of verifying the dates of investment was remanded to the Assessing Officer for examination and consequential relief in accordance with law.
Accumulation under section 11(2) could not be denied where the trust filed Form No. 10 within time, the stated purpose of repair, renovation and maintenance of temple-related premises fell within the trust's religious and charitable objects, and the accumulated funds were invested in fixed deposits with HDFC Bank, a permissible mode under section 11(5). Minor variations or general descriptions in Form No. 10 were held insufficient by themselves to defeat the benefit. Only the limited factual issue of verifying the dates of investment was remanded to the Assessing Officer for examination and consequential relief in accordance with law.
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