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...
Acquiescence, homebuyer protection and clean-slate resolution principles prevent landowners from disrupting an integrated project through late termina...
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For sales before 1 June 2003, the tax-collection-at-source entry for alcoholic liquor for human consumption expressly excluded Indian Made Foreign Liquor (IMFL). As IMFL was undefined in the Income-tax Act, its meaning was considered in commercial and statutory context; the Tribunal's classification of beer as IMFL was treated as a reasonable view. State excise classifications could assist but could not control the Income-tax Act. The later deletion of the IMFL exclusion broadened the entry prospectively. Consequently, beer sales fell outside the earlier entry, so no tax-collection obligation, default liability, or consequential interest arose.
For sales before 1 June 2003, the tax-collection-at-source entry for alcoholic liquor for human consumption expressly excluded Indian Made Foreign Liquor (IMFL). As IMFL was undefined in the Income-tax Act, its meaning was considered in commercial and statutory context; the Tribunal's classification of beer as IMFL was treated as a reasonable view. State excise classifications could assist but could not control the Income-tax Act. The later deletion of the IMFL exclusion broadened the entry prospectively. Consequently, beer sales fell outside the earlier entry, so no tax-collection obligation, default liability, or consequential interest arose.
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