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...
Remittances received by an NRE account holder from non-resident relatives through banking channels, where NRE status and compliance with RBI guidelines are undisputed, were treated as exempt income not includible in total income. Funds credited to NRE accounts were regarded as beyond tax authorities' reach regarding their foreign source. Applying prior High Court rulings, the Tribunal's deletion of additions for unexplained investment and unexplained cash credits under sections 69 and 68 was sustained, and the Revenue's challenge was rejected because no substantial question of law arose.
Remittances received by an NRE account holder from non-resident relatives through banking channels, where NRE status and compliance with RBI guidelines are undisputed, were treated as exempt income not includible in total income. Funds credited to NRE accounts were regarded as beyond tax authorities' reach regarding their foreign source. Applying prior High Court rulings, the Tribunal's deletion of additions for unexplained investment and unexplained cash credits under sections 69 and 68 was sustained, and the Revenue's challenge was rejected because no substantial question of law arose.
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