Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
Nominee director protection shields independent financial-institution appointees from criminal liability where they lack involvement in deposit defaul...
Import-policy amendments requiring an importer warehousing newsprint to be an RNI-registered Actual User operate prospectively from 3 June 2016 and do not invalidate earlier imports. Where the applicable customs exemption contains no RNI-registration or Actual User requirement, non-registration alone does not defeat the exemption. Customs should not independently characterise imports as contrary to the Foreign Trade Policy without a DGFT reference on the disputed policy interpretation. Confiscation and penalties for alleged clearance to dummy units require the Department first to establish foundational evidence of illicit import, improper clearance, or culpable conduct; rebutted procedural allegations and missing relied-upon material cannot support those consequences.
Import-policy amendments requiring an importer warehousing newsprint to be an RNI-registered Actual User operate prospectively from 3 June 2016 and do not invalidate earlier imports. Where the applicable customs exemption contains no RNI-registration or Actual User requirement, non-registration alone does not defeat the exemption. Customs should not independently characterise imports as contrary to the Foreign Trade Policy without a DGFT reference on the disputed policy interpretation. Confiscation and penalties for alleged clearance to dummy units require the Department first to establish foundational evidence of illicit import, improper clearance, or culpable conduct; rebutted procedural allegations and missing relied-upon material cannot support those consequences.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4891 
