Co-operative credit society deduction on bank deposit interest upheld where funds were business funds and income remained attributable to member credi...
Transfer pricing benchmarking and receivables adjustments remanded: segmental financials need proper scrutiny, and foreign-currency interest must trac...
The High Court addressed the release of second-hand specialized equipment imported by the petitioner. Despite reviewing relevant legal provisions, including the Foreign Trade Policy-2023, no impact was found on the issues raised. The court instructed the petitioners to pay the assessed enhanced duty within four weeks. Once paid, the respondent was ordered to unconditionally release the goods within three weeks. The petitioners must comply with the duty assessment by a Chartered Engineer. Upon payment, the goods are to be released without additional conditions. The Writ Petitions were disposed of following these directives.
The High Court addressed the release of second-hand specialized equipment imported by the petitioner. Despite reviewing relevant legal provisions, including the Foreign Trade Policy-2023, no impact was found on the issues raised. The court instructed the petitioners to pay the assessed enhanced duty within four weeks. Once paid, the respondent was ordered to unconditionally release the goods within three weeks. The petitioners must comply with the duty assessment by a Chartered Engineer. Upon payment, the goods are to be released without additional conditions. The Writ Petitions were disposed of following these directives.
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