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...
Advance ruling jurisdiction is barred where the question raised has already been conclusively decided by a Court, because the authority cannot re-adjudicate a settled issue or create conflicting classifications. Applying that principle, the Authority held that the classification of roasted areca nuts was already determined by the Madras High Court under Heading 2008, and the applicant showed no change in the goods' nature, composition or processing. Mere renumbering or substitution of the tariff sub-heading after later legislation did not create a fresh classification question. The application was therefore not maintainable and was rejected as covered by binding judicial precedent.
Advance ruling jurisdiction is barred where the question raised has already been conclusively decided by a Court, because the authority cannot re-adjudicate a settled issue or create conflicting classifications. Applying that principle, the Authority held that the classification of roasted areca nuts was already determined by the Madras High Court under Heading 2008, and the applicant showed no change in the goods' nature, composition or processing. Mere renumbering or substitution of the tariff sub-heading after later legislation did not create a fresh classification question. The application was therefore not maintainable and was rejected as covered by binding judicial precedent.
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