Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Relaxation was sought for utilisation of SFIS scrips in relation to inbound tour operations, including extension of time, monetisation, use for IGST or BSD payment, or transfer to other eligible persons. The matter was disposed of by directing the respondents to consider the pending representations and take a decision within two months. Status quo on the validity of the SFIS scrips was directed to be maintained for three months.
Relaxation was sought for utilisation of SFIS scrips in relation to inbound tour operations, including extension of time, monetisation, use for IGST or BSD payment, or transfer to other eligible persons. The matter was disposed of by directing the respondents to consider the pending representations and take a decision within two months. Status quo on the validity of the SFIS scrips was directed to be maintained for three months.
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