Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Levy of tax / penalty - error with regard to the address of the consignee in the E-Way Bill - The High court observes that in numerous judgments, it has been established that the presence of mens rea for tax evasion is essential for the imposition of a penalty. Mere technical errors, without any intent to evade taxes, do not warrant the imposition of a penalty. - Amount already deposited, directed to be refunded.
Levy of tax / penalty - error with regard to the address of the consignee in the E-Way Bill - The High court observes that in numerous judgments, it has been established that the presence of mens rea for tax evasion is essential for the imposition of a penalty. Mere technical errors, without any intent to evade taxes, do not warrant the imposition of a penalty. - Amount already deposited, directed to be refunded.
Note: It is a system-generated summary and is for quick reference only.
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