Functional comparability under TNMM: broadcasters excluded, software distributors included, and no separate interest on receivables after working capi...
The Madras High Court addressed a case involving a direction for recredit or refund of amounts recovered u/s assessment orders. The court found that the respondents did not adequately justify the use of the proviso to Section 78, entitling the petitioner to a refund. The petition was allowed, directing the first respondent to refund or recredit the amount to the petitioner's Electronic Cash or Credit Ledgers within one month from the date of the order.
The Madras High Court addressed a case involving a direction for recredit or refund of amounts recovered u/s assessment orders. The court found that the respondents did not adequately justify the use of the proviso to Section 78, entitling the petitioner to a refund. The petition was allowed, directing the first respondent to refund or recredit the amount to the petitioner's Electronic Cash or Credit Ledgers within one month from the date of the order.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4821 
Join Channel 
