Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Customs valuation principles discussed in the text treat downloaded DCM software licences as part of the assessable value of imported HASP hardware locks where the locks cannot be activated or used without the corresponding software. The hardware and software were obtained from the same supplier, the software was specific to each lock, and payments were separately made; these features are presented as supporting treatment of both components as a single imported product for valuation. The text further states that non-disclosure of the software value can justify extended limitation where the importer knew the product's nature and notified an authority not competent to receive the information. It records confirmation of differential duty and penalty.
Customs valuation principles discussed in the text treat downloaded DCM software licences as part of the assessable value of imported HASP hardware locks where the locks cannot be activated or used without the corresponding software. The hardware and software were obtained from the same supplier, the software was specific to each lock, and payments were separately made; these features are presented as supporting treatment of both components as a single imported product for valuation. The text further states that non-disclosure of the software value can justify extended limitation where the importer knew the product's nature and notified an authority not competent to receive the information. It records confirmation of differential duty and penalty.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
