Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
Data transmission equipment classification under CTSH 8517 62 remains distinct from residual classification, with exemption evidence requiring scrutin...
The Central Government amends the compounding schedule under the Foreign Contribution (Regulation) Act by revising the officer competent to compound specified offences and by substituting updated compounding amounts for contraventions involving excess administrative expenditure, speculative activity, use for purposes other than those for which foreign contribution was received, acceptance or utilisation in contravention of registration requirements, and utilisation in an unregistered purpose or State or Union territory. The amended schedule assigns compounding to the Director or Deputy Secretary in charge of the Act's administration and sets the prescribed monetary formulae for each listed offence. The notification does not apply to cases disposed of before its publication and such cases cannot be reopened.
The Central Government amends the compounding schedule under the Foreign Contribution (Regulation) Act by revising the officer competent to compound specified offences and by substituting updated compounding amounts for contraventions involving excess administrative expenditure, speculative activity, use for purposes other than those for which foreign contribution was received, acceptance or utilisation in contravention of registration requirements, and utilisation in an unregistered purpose or State or Union territory. The amended schedule assigns compounding to the Director or Deputy Secretary in charge of the Act's administration and sets the prescribed monetary formulae for each listed offence. The notification does not apply to cases disposed of before its publication and such cases cannot be reopened.
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