Composite inpatient healthcare supply may retain exemption despite MRP medicine billing, while separate taxable sale characterisation remains disputed...
Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
Data transmission equipment classification under CTSH 8517 62 remains distinct from residual classification, with exemption evidence requiring scrutin...
Judicial review of a Look Out Circular is confined to testing whether the originating authority acted within constitutional and legal limits; it does not permit re-evaluation of that authority's subjective satisfaction that foreign travel would harm India's economic interests. Review may intervene where no material exists, or the material is speculative or so insubstantial that no reasonable authority could rely on it. Material relating to alleged trade-based money laundering, hawala transactions, over-invoiced exports, fraudulent export incentives, bogus purchases, fake invoices and undisclosed foreign investment was sufficient for the travel restriction. The Look Out Circular was upheld, the order quashing it was set aside, and the challenge was dismissed.
Judicial review of a Look Out Circular is confined to testing whether the originating authority acted within constitutional and legal limits; it does not permit re-evaluation of that authority's subjective satisfaction that foreign travel would harm India's economic interests. Review may intervene where no material exists, or the material is speculative or so insubstantial that no reasonable authority could rely on it. Material relating to alleged trade-based money laundering, hawala transactions, over-invoiced exports, fraudulent export incentives, bogus purchases, fake invoices and undisclosed foreign investment was sufficient for the travel restriction. The Look Out Circular was upheld, the order quashing it was set aside, and the challenge was dismissed.
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