Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Interest paid by an Indian permanent establishment to its head office or overseas branches may be deducted in determining profits attributable to the permanent establishment under the treaty, although the corresponding receipt is treated as payment to self under domestic law. Transactions between a foreign enterprise and its Indian permanent establishment may be subject to transfer-pricing rules; guarantee commission adjustments should reflect only the difference between the arm's length rate and commission already recovered. Foreign-exchange forward contract gains retain capital character where the contracts hedge capital investments. Interest on an income-tax refund is not effectively connected with the permanent establishment and is taxable under the treaty interest article. A treaty tax-rate ceiling prevents surcharge and education cess from exceeding that ceiling.
Interest paid by an Indian permanent establishment to its head office or overseas branches may be deducted in determining profits attributable to the permanent establishment under the treaty, although the corresponding receipt is treated as payment to self under domestic law. Transactions between a foreign enterprise and its Indian permanent establishment may be subject to transfer-pricing rules; guarantee commission adjustments should reflect only the difference between the arm's length rate and commission already recovered. Foreign-exchange forward contract gains retain capital character where the contracts hedge capital investments. Interest on an income-tax refund is not effectively connected with the permanent establishment and is taxable under the treaty interest article. A treaty tax-rate ceiling prevents surcharge and education cess from exceeding that ceiling.
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