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...
All four imported products were classified as relays under CTI 8536 49 00 because their principal function was to control, protect and supervise electrical systems, and the added digital or monitoring features were only ancillary under the principal function test and trade parlance. Exemption under Notification No. 12/2012 was available to the three products with a contact rating of 5 amperes, as no contrary evidence showed them to exceed the 7-ampere limit; MICOM was excluded because its contact rating above 7 amperes was not disputed. Penalties under sections 114A, 114AA, 112 and 114AA were set aside since the demand failed for the three products and the duty and interest relating to MICOM had been paid before the show cause notice.
All four imported products were classified as relays under CTI 8536 49 00 because their principal function was to control, protect and supervise electrical systems, and the added digital or monitoring features were only ancillary under the principal function test and trade parlance. Exemption under Notification No. 12/2012 was available to the three products with a contact rating of 5 amperes, as no contrary evidence showed them to exceed the 7-ampere limit; MICOM was excluded because its contact rating above 7 amperes was not disputed. Penalties under sections 114A, 114AA, 112 and 114AA were set aside since the demand failed for the three products and the duty and interest relating to MICOM had been paid before the show cause notice.
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