Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
Data transmission equipment classification under CTSH 8517 62 remains distinct from residual classification, with exemption evidence requiring scrutin...
The Supreme Court ruled on the refund of Stamp Duty for an un-executed conveyance deed u/s 47 (c) of the Act and Rules 21, 22A of Bombay Stamp Rules, 1939. The appellant diligently pursued legal remedies and was denied refund on grounds of limitation. Evidence is not required with the application for refund u/s 47. The legal principle from THE COMMITTEE-GFIL VERSUS LIBRA BUILDTECH PRIVATE LTD. AND ORS. was cited, emphasizing that the State should not rely on technicalities when dealing with citizens. The appellant's case warranted a refund as the expiry of limitation does not bar the right to claim refund. The appellant acted in good faith but was deceived by the Vendor, leading to the cancellation of the deed. The impugned order was set aside, and the appeal was allowed.
The Supreme Court ruled on the refund of Stamp Duty for an un-executed conveyance deed u/s 47 (c) of the Act and Rules 21, 22A of Bombay Stamp Rules, 1939. The appellant diligently pursued legal remedies and was denied refund on grounds of limitation. Evidence is not required with the application for refund u/s 47. The legal principle from THE COMMITTEE-GFIL VERSUS LIBRA BUILDTECH PRIVATE LTD. AND ORS. was cited, emphasizing that the State should not rely on technicalities when dealing with citizens. The appellant's case warranted a refund as the expiry of limitation does not bar the right to claim refund. The appellant acted in good faith but was deceived by the Vendor, leading to the cancellation of the deed. The impugned order was set aside, and the appeal was allowed.
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