Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Public servant status under anti-corruption law extends to recognised stock exchange leadership; constitutional and sanction challenges do not succeed...
Page of 4786
Press 'Enter' after typing page number.
881 to 900 of 95714 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Statutory contributions to the District Mineral Foundation (DMF) and National Mineral Exploration Trust (NMET) were treated as mandatory incidents of mining operations, because the payments were fixed as a percentage of royalty and non-payment would affect the right to extract coal. On that basis, they were considered part of mining royalty paid in the course or furtherance of business. DMF contribution was nevertheless held not liable to GST because a later clarification treated State-formed DMF trusts as Governmental Authorities eligible for exemption. NMET contribution remained liable to GST, as no similar clarification applied, and the lower ruling was upheld to that extent.
Statutory contributions to the District Mineral Foundation (DMF) and National Mineral Exploration Trust (NMET) were treated as mandatory incidents of mining operations, because the payments were fixed as a percentage of royalty and non-payment would affect the right to extract coal. On that basis, they were considered part of mining royalty paid in the course or furtherance of business. DMF contribution was nevertheless held not liable to GST because a later clarification treated State-formed DMF trusts as Governmental Authorities eligible for exemption. NMET contribution remained liable to GST, as no similar clarification applied, and the lower ruling was upheld to that extent.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4786
Join Channel
TaxTMI 
