Transfer-pricing adjustments must reflect functional comparability, working-capital effects, and avoid duplicating interest on associated-enterprise r...
Restricted gold import conditions: breach permits absolute confiscation, while redemption remains discretionary and is rarely disturbed on writ review...
Bail conditions in customs-duty evasion investigation permit continued inquiry while addressing evidence-tampering concerns through procedural safegua...
MEIS duty credit scrips received under the Foreign Trade Policy 2015 are treated as revenue receipts taxable as income from assessment year 2016-17. Applying the purpose test, the rewards offset export-related costs and infrastructure inefficiencies and enable more profitable conduct of export business. Their computation by reference to completed exports, recurring nature, transferability and unrestricted usability support their revenue character; they are not linked to capital investment, establishment or expansion, nor earmarked for a capital purpose. Government assistance "by whatever name called" covers MEIS rewards, including grants or cash incentives, without limitation by ejusdem generis.
MEIS duty credit scrips received under the Foreign Trade Policy 2015 are treated as revenue receipts taxable as income from assessment year 2016-17. Applying the purpose test, the rewards offset export-related costs and infrastructure inefficiencies and enable more profitable conduct of export business. Their computation by reference to completed exports, recurring nature, transferability and unrestricted usability support their revenue character; they are not linked to capital investment, establishment or expansion, nor earmarked for a capital purpose. Government assistance "by whatever name called" covers MEIS rewards, including grants or cash incentives, without limitation by ejusdem generis.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4897 
