Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
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...
Levy of penalty - e-way bill had expired four days prior to the date of detention - existence of mens rea - The High Court found no evidence of intent to evade tax in the present case, considering the accompanying documents and the explanation for the delay in movement. - The failure to extend the e-way bill was viewed as a technical breach, insufficient for penalty under Section 129(3) of the Act.
Levy of penalty - e-way bill had expired four days prior to the date of detention - existence of mens rea - The High Court found no evidence of intent to evade tax in the present case, considering the accompanying documents and the explanation for the delay in movement. - The failure to extend the e-way bill was viewed as a technical breach, insufficient for penalty under Section 129(3) of the Act.
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