Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
Leave fare concession payments for travel involving a foreign leg, made while an interim High Court order restrained tax deduction at source, did not attract assessee-in-default consequences under section 201(1). The Tribunal's approach followed a coordinate bench view that an employer-bank could not be treated as in default for failing to deduct tax during the restraint's operation. The employer-bank's appeal was allowed.
Leave fare concession payments for travel involving a foreign leg, made while an interim High Court order restrained tax deduction at source, did not attract assessee-in-default consequences under section 201(1). The Tribunal's approach followed a coordinate bench view that an employer-bank could not be treated as in default for failing to deduct tax during the restraint's operation. The employer-bank's appeal was allowed.
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