Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
Levy of Cess under Clean Energy Cess’ 2010 - The court held that the revenue could levy Clean Energy Cess on coal produced and lying in stock as of 30th June 2017, as per Section 83(3) of the Finance Act, 2010. This levy was valid despite the repeal of Clean Energy Cess by the GST Compensation Cess under the Goods & Services (Compensation to States) Act, 2017, since the taxable event (production of coal) occurred when the cess was in force. - However, demand confirmed for normal period of limitation only - HC
Levy of Cess under Clean Energy Cess’ 2010 - The court held that the revenue could levy Clean Energy Cess on coal produced and lying in stock as of 30th June 2017, as per Section 83(3) of the Finance Act, 2010. This levy was valid despite the repeal of Clean Energy Cess by the GST Compensation Cess under the Goods & Services (Compensation to States) Act, 2017, since the taxable event (production of coal) occurred when the cess was in force. - However, demand confirmed for normal period of limitation only - HC
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