Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
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Imported goods described as a cross-ply unidirectional laminate of ultra-high molecular weight polyethylene fibres for ballistic protection were held classifiable under CTH 540730, not CTH 39201099, because Chapter 54 and the relevant HSN notes more accurately covered the product than the plastics heading in Chapter 39. The resulting differential customs duty demand with interest was sustained. However, the Tribunal held that a mere dispute over tariff classification did not by itself establish misdeclaration under section 111(m), where the description of the goods in the Bills of Entry was not in dispute. On that basis, confiscation and the consequential penalty under section 112 were set aside.
Imported goods described as a cross-ply unidirectional laminate of ultra-high molecular weight polyethylene fibres for ballistic protection were held classifiable under CTH 540730, not CTH 39201099, because Chapter 54 and the relevant HSN notes more accurately covered the product than the plastics heading in Chapter 39. The resulting differential customs duty demand with interest was sustained. However, the Tribunal held that a mere dispute over tariff classification did not by itself establish misdeclaration under section 111(m), where the description of the goods in the Bills of Entry was not in dispute. On that basis, confiscation and the consequential penalty under section 112 were set aside.
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