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...
Principles of Estoppel against law - Classification of goods - handmade branded unmanufactured tobacco under the brand name of ‘Rajhans’ - classifiable under CETH 24039910 or not - The court analyzed the evidence presented by both parties and found that the appellant had admitted to the classification of their product as manufactured tobacco for a brief period. However, the court emphasized that there cannot be any estoppel against the law in the matter of classification. It cited various judgments to support this principle. The court concluded that the appellant's product should be classified as unmanufactured tobacco, based on the processes involved and relevant legal provisions.
Principles of Estoppel against law - Classification of goods - handmade branded unmanufactured tobacco under the brand name of ‘Rajhans’ - classifiable under CETH 24039910 or not - The court analyzed the evidence presented by both parties and found that the appellant had admitted to the classification of their product as manufactured tobacco for a brief period. However, the court emphasized that there cannot be any estoppel against the law in the matter of classification. It cited various judgments to support this principle. The court concluded that the appellant's product should be classified as unmanufactured tobacco, based on the processes involved and relevant legal provisions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4784
Join Channel
TaxTMI 
