Capital-gains exemption for charitable trusts extends to qualifying fixed deposits, while unrecoverable TDS write-offs may constitute income applicati...
India-UK treaty characterisation of telecom-service receipts as business profits withstands unilateral domestic-law amendments for Indian tax purposes...
Transfer-pricing reimbursement adjustments require uncontrolled comparables and cannot become expense-genuineness reviews, resulting in deletion of th...
Conversion of shipping bills - conversion from Draw Back Scheme to Advance License Scheme - The Tribunal examined the provisions of Circular No. 36/2010 and concluded that while conversion from more rigorous to less rigorous examination schemes was permitted, the reverse was not allowed. Since the appellants sought conversion to a scheme involving more rigorous examination after availing benefits under the Drawback Scheme, their request was denied. The CESTAT upheld the validity of condition 3(e) of the circular, which precluded conversion after availing benefits under a particular scheme. Consequently, the appeal was dismissed, affirming the decision of the lower authority.
Conversion of shipping bills - conversion from Draw Back Scheme to Advance License Scheme - The Tribunal examined the provisions of Circular No. 36/2010 and concluded that while conversion from more rigorous to less rigorous examination schemes was permitted, the reverse was not allowed. Since the appellants sought conversion to a scheme involving more rigorous examination after availing benefits under the Drawback Scheme, their request was denied. The CESTAT upheld the validity of condition 3(e) of the circular, which precluded conversion after availing benefits under a particular scheme. Consequently, the appeal was dismissed, affirming the decision of the lower authority.
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TaxTMI 
TaxTMI 
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