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 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.
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