Road restoration charges constitute taxable services when requested for commercial pipeline activity, requiring reverse-charge GST from the business r...
Interest on delayed release of requisitioned cash includes statutory pre-assessment interest and restitutionary compensation for unlawful post-assessm...
Incomplete inventory records justify rejecting accounts, while profit estimation requires relevant comparable material and interest falls under other ...
Transfer-pricing comparability requires functional alignment; delayed associated-enterprise receivables need separate LIBOR-based benchmarking, while ...
Extended reassessment limitation in search cases requires asset-linked escaped income, invalidating additions based only on unexplained money or expen...
Enhanced tolerance band under section 43CA applies retrospectively, deleting qualifying deemed-sale additions while disputed stamp valuation requires ...
Capacity-based duty on pan masala packing machines depends on maximum operable packing speed rather than actual production speed. Where a twin-pack FFS machine is modified to pack a single product, the manufacturer's original speed quotation for the twin-pack configuration does not determine capacity after modification. In the absence of reliable material showing that the modified machine could not exceed the lower speed threshold, operation with a single product places it in the higher packing-speed category. Duty is consequently payable under the category for machines operating above that threshold.
Capacity-based duty on pan masala packing machines depends on maximum operable packing speed rather than actual production speed. Where a twin-pack FFS machine is modified to pack a single product, the manufacturer's original speed quotation for the twin-pack configuration does not determine capacity after modification. In the absence of reliable material showing that the modified machine could not exceed the lower speed threshold, operation with a single product places it in the higher packing-speed category. Duty is consequently payable under the category for machines operating above that threshold.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4910 
