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...
Medical reimbursement paid by a company to its salaried full-time employee and promoter-director for critical heart surgery was held deductible as business expenditure under section 37(1). The Tribunal found the payment commercially expedient because the employee was the driving force behind the business, the surgery was genuine and undertaken at a recognised hospital, and the company bore only part of the total cost while the balance was personally met. It also held that the timing of the Board resolution, the marginal excess over the sanctioned amount, and the argument of personal expenditure did not justify disallowance. The reimbursement, authorised and debited as employee benefit expense, was therefore allowable and the disallowance was deleted.
Medical reimbursement paid by a company to its salaried full-time employee and promoter-director for critical heart surgery was held deductible as business expenditure under section 37(1). The Tribunal found the payment commercially expedient because the employee was the driving force behind the business, the surgery was genuine and undertaken at a recognised hospital, and the company bore only part of the total cost while the balance was personally met. It also held that the timing of the Board resolution, the marginal excess over the sanctioned amount, and the argument of personal expenditure did not justify disallowance. The reimbursement, authorised and debited as employee benefit expense, was therefore allowable and the disallowance was deleted.
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