Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
The Supreme Court considered a case involving condonation of delay in filing an appeal. The appellants filed the appeal after SEBI had already appealed to the Court against the Securities Appellate Tribunal's order. The Court noted that the appellants succeeded on one issue but a remand order was issued on another issue to the Whole Time Member by SAT. The appellants stated that they had complied with the requirement to file submissions but no hearing took place before the Whole Time Member. Given the situation and the appeal filed by SEBI, the Court decided to condone the delay and issued notice in the matter.
The Supreme Court considered a case involving condonation of delay in filing an appeal. The appellants filed the appeal after SEBI had already appealed to the Court against the Securities Appellate Tribunal's order. The Court noted that the appellants succeeded on one issue but a remand order was issued on another issue to the Whole Time Member by SAT. The appellants stated that they had complied with the requirement to file submissions but no hearing took place before the Whole Time Member. Given the situation and the appeal filed by SEBI, the Court decided to condone the delay and issued notice in the matter.
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