Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Mandarin frozen concentrate was held classifiable under the residuary citrus juice entry 2009 39 00, because the tariff scheme distinguishes mandarins from oranges and the specific heading for orange juice cannot be extended by common parlance or trade descriptions to cover mandarin juice. The Tribunal found that HSN guidance and the statutory structure prevailed over website material, end-use and a foreign customs ruling, and upheld the Revenue's reclassification on merits. On limitation, the Tribunal found no suppression or intent to evade, as the imports had been regularly declared and were known to the department; the extended period was therefore inapplicable, the demand survived only for the normal period, and confiscation, redemption fine and penalty were set aside.
Mandarin frozen concentrate was held classifiable under the residuary citrus juice entry 2009 39 00, because the tariff scheme distinguishes mandarins from oranges and the specific heading for orange juice cannot be extended by common parlance or trade descriptions to cover mandarin juice. The Tribunal found that HSN guidance and the statutory structure prevailed over website material, end-use and a foreign customs ruling, and upheld the Revenue's reclassification on merits. On limitation, the Tribunal found no suppression or intent to evade, as the imports had been regularly declared and were known to the department; the extended period was therefore inapplicable, the demand survived only for the normal period, and confiscation, redemption fine and penalty were set aside.
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