Addition made u/s. 43B - Customs duty liability - the entire ...

Customs Duty Deduction Allowed u/s 43B for Liability Adjusted Against Export Obligation Before Tax Return Deadline.

March 25, 2017

Case Laws Income Tax AT

Addition made u/s. 43B - Customs duty liability - the entire amount of customs duty liability has been adjusted against export obligation before the due date for filing return of income - claim of deduction allowed - AT

View Source

← Previous Next →

Addition made u/s. 43B - Customs duty liability - the entire ...

Customs Duty Deduction Allowed u/s 43B for Liability Adjusted Against Export Obligation Before Tax Return Deadline.

March 25, 2017

Case Laws Income Tax AT

You may also like:

Claim of deduction of unknown liability towards customs duty - Deduction u/s 43B - Fresh claim before AO during the course of assessment proceedings - Since the assessee...

The Policy Circular No. 01/2024 issued by the Directorate General of Foreign Trade provides clarification on the discharge of export obligations of Advance Authorisation...

Sections 132B, 140A, 153A and 234B of the Income Tax Act, 1961 were analyzed regarding adjustment of seized cash against tax liability. The appellants claimed that cash...

Liability to pay customs duty when confiscated goods are redeemed after payment of fine u/s 125 of the Customs Act, 1962 includes liability to pay interest on delayed...

Sales tax set off as deduction u/s 43B - whether the set off or adjustment amounts to deemed payment? - When the assessee purchases raw materials, it is liable to pay...

Section 43B of the Income Tax Act disallows certain deductions for unpaid statutory dues like interest, tax, duty, etc. The key points are: Unpaid interest on loans from...

Recovery of duty foregone - non-fulfillment of export obligation - non-installation of the capital goods and consequent non-fulfilment of post-importation condition -...

Petitioner failed to submit original shipping bills to substantiate claimed exports, providing only photocopies which were not accepted for meeting export obligation....

The amount of contribution made by the assessee towards the fund for payment of leave encashment to its employees does not qualify for deduction as expenses u/s 43B of...

Liability for payment of customs duty on sale of excess liquor from the duty-free shop

Disallowance of excise duty - an item of section 43B - Since the excise authority held that CENVAT credit on fuel used for generation of electricity supplied to the...

Addition of outstanding service tax liability u/s 43B - whether the provisions of sec.43B is attracted when no deduction was claimed by the assessee? - the outstanding...

CESTAT AHMEDABAD ruled on Anti-Dumping Duty (ADD) for imports of "Cold Rolled Flat products of Stainless Steel" from China. The issue was the fulfillment of Export...

CESTAT determined custom duty liability based on iron ore's Fe content measurement. Under identical precedential cases, the Tribunal found the Fe content on wet metric...

Input tax credit (ITC) on Basic Customs Duty (BCD), Countervailing Duty (CVD) and Special Additional Duty (SAD) - In case of the Applicant, Basic Customs Duty (BCD),...

Quick Updates: