Compulsorily convertible debentures remain debt before conversion, preventing transfer-pricing and interest-deduction disallowances on the stated fact...
Stock-in-trade transfer taxability follows possession and consideration, not later conveyance registration, limiting deemed-value provisions to the ac...
Alternative statutory remedy under GST bars writ challenge where classification, notice variance, and hearing disputes require factual appellate revie...
Liquid crystal display panels imported for assembly into automotive instrument clusters are classified as liquid crystal devices under CTI 9013 8010, rather than motor-vehicle parts under CTI 87089900 or 87141090. The specific-heading rule and Chapter 90 Note 2(a) preserve Chapter 90 classification where goods are covered by its heading, despite their sole or principal automotive use. Consequently, the declared classification stands, and differential duty, interest and penalties under vehicle-parts classifications are unsustainable.
Liquid crystal display panels imported for assembly into automotive instrument clusters are classified as liquid crystal devices under CTI 9013 8010, rather than motor-vehicle parts under CTI 87089900 or 87141090. The specific-heading rule and Chapter 90 Note 2(a) preserve Chapter 90 classification where goods are covered by its heading, despite their sole or principal automotive use. Consequently, the declared classification stands, and differential duty, interest and penalties under vehicle-parts classifications are unsustainable.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4907 
