Independent show-cause notices remain separate proceedings, while customs adjudication challenges should ordinarily follow the statutory appellate rem...
Institutional incapacity in customs settlement proceedings excludes non-functional quorum periods from statutory disposal timelines, preventing automa...
Interactive touchscreen panels with integrated computing functions fall under automatic data-processing machines rather than display monitors for cust...
Ex parte injunction service requirements were substantially met, while civil recovery and SFIO investigation into provident fund defalcation continued...
Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Competition Commission of India (Determination of Turnover or Income) Regulations, 2024 - (1) Turnover or income for enterprises includes the value of sales, revenue, or receipts, excluding certain items like other income, indirect taxes, trade discounts, and intragroup sales. Guidelines are provided for cases where audited financial statements are not available, requiring certification by a Chartered Accountant and supporting affidavit. - (2) Income for individuals is defined as gross total income as per Income Tax Returns, excluding income from house property and capital gains. Procedures are outlined for cases where Income Tax Returns are not available or not filed, requiring certification by a Chartered Accountant and supporting affidavit. - (3) Guidelines are provided for converting turnover or income not maintained in Indian Rupees into Indian Rupees based on the average of foreign currency reference rates published by the Reserve Bank of India.
Competition Commission of India (Determination of Turnover or Income) Regulations, 2024 - (1) Turnover or income for enterprises includes the value of sales, revenue, or receipts, excluding certain items like other income, indirect taxes, trade discounts, and intragroup sales. Guidelines are provided for cases where audited financial statements are not available, requiring certification by a Chartered Accountant and supporting affidavit. - (2) Income for individuals is defined as gross total income as per Income Tax Returns, excluding income from house property and capital gains. Procedures are outlined for cases where Income Tax Returns are not available or not filed, requiring certification by a Chartered Accountant and supporting affidavit. - (3) Guidelines are provided for converting turnover or income not maintained in Indian Rupees into Indian Rupees based on the average of foreign currency reference rates published by the Reserve Bank of India.
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