Embezzlement losses in charitable institutions remain allowable when misappropriation is established, irrecoverable, and not a specified-person benefi...
National long-distance undertaking status supports deduction where separately licensed infrastructure, resources, revenue, and expenditure establish c...
Agency reimbursement income follows contractual deposit-liability computation, while pending deposit collections do not constitute deemed-dividend loa...
Validity of order of CESTAT - Redemption for home consumption allowed, despite admitting the fact that the condition of para 2.31 of the Foreign Trade Policy are not satisfied - Scope of the CRO, 2012, which covers Multifunctional and Printers/ Devices (MFDs) along with printers and plotters - The High Court dismissed the appeal, citing a previous judgment addressing similar issues. The Court noted that the goods in question had already been released on payment of duty and other dues. Consequently, the High Court upheld the Tribunal's decision while leaving the substantial questions of law open for future adjudication.
Validity of order of CESTAT - Redemption for home consumption allowed, despite admitting the fact that the condition of para 2.31 of the Foreign Trade Policy are not satisfied - Scope of the CRO, 2012, which covers Multifunctional and Printers/ Devices (MFDs) along with printers and plotters - The High Court dismissed the appeal, citing a previous judgment addressing similar issues. The Court noted that the goods in question had already been released on payment of duty and other dues. Consequently, the High Court upheld the Tribunal's decision while leaving the substantial questions of law open for future adjudication.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4891 
