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External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
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Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Refund the amount deposited by the applicant pursuant to the directions/ order of the DRT, Delhi - The High court observes that IFCI failed to demonstrate that the amount deposited by the applicant was remitted to the Official Liquidator. Despite repeated opportunities, IFCI did not provide a satisfactory breakdown of the amounts deposited with the Official Liquidator, leading to uncertainty regarding the inclusion of the applicant's funds. - Given the failure of IFCI to account for the applicant's funds and provide satisfactory documentation, the court directs IFCI to refund the amount of Rs. 57.50 Lacs to the applicant, along with interest at 18% per annum from the date of deposit.
Refund the amount deposited by the applicant pursuant to the directions/ order of the DRT, Delhi - The High court observes that IFCI failed to demonstrate that the amount deposited by the applicant was remitted to the Official Liquidator. Despite repeated opportunities, IFCI did not provide a satisfactory breakdown of the amounts deposited with the Official Liquidator, leading to uncertainty regarding the inclusion of the applicant's funds. - Given the failure of IFCI to account for the applicant's funds and provide satisfactory documentation, the court directs IFCI to refund the amount of Rs. 57.50 Lacs to the applicant, along with interest at 18% per annum from the date of deposit.
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