AMP expenditure for own business is not an international transaction without an associated-enterprise arrangement, eliminating transfer pricing adjust...
Customs valuation must use comparable contemporary imports, while confiscation fines and penalties require proportionate recalculation on reassessed v...
Depositor-protection proceedings prevail over corporate insolvency, while liquidators may recover chit receivables using copies of seized company reco...
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Satellite transponder bandwidth is telecommunication, not Business Support Service; foreign non-telegraph providers triggered no service tax liability...
Compounding of a cheque dishonour complaint may be pursued where the dispute is monetary and the accused seeks amicable settlement, with the trial court to act on the basis of the Supreme Court guidelines in Damodar S. Prabhu and later guidance. The accused was permitted to approach the trial court for compounding on deposit of 10% of the cheque amount, and the court below was to pass appropriate orders in accordance with law. No coercive measures were to be taken during the limited period granted for seeking compounding, but if the accused failed to appear, the trial court could proceed against him in accordance with law.
Compounding of a cheque dishonour complaint may be pursued where the dispute is monetary and the accused seeks amicable settlement, with the trial court to act on the basis of the Supreme Court guidelines in Damodar S. Prabhu and later guidance. The accused was permitted to approach the trial court for compounding on deposit of 10% of the cheque amount, and the court below was to pass appropriate orders in accordance with law. No coercive measures were to be taken during the limited period granted for seeking compounding, but if the accused failed to appear, the trial court could proceed against him in accordance with law.
Note: It is a system-generated summary and is for quick reference only.