Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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The High Court considered a case involving smuggling of gold under Sections 135(1)(a) and 135(1)(b) of The Customs Act, 1962. The petitioners were found in possession of 4.200 kgs of gold valued at Rs. 2,25,54,000 without permission, admitted to smuggling, and were intercepted while passing through the green channel. The gold was seized and confiscated. The 2nd petitioner, an unsuspecting traveler, was granted a lenient view as she was unaware of the smuggling plan and lacked knowledge of Indian laws. She deposited Rs. 10,00,000 and has a son receiving medical treatment in Malaysia. Due to an Extradition Treaty, the Court allowed the return of the 2nd petitioner's Malaysian passport with conditions, while confirming the decision against the 1st petitioner. The criminal revision case was partially allowed.
The High Court considered a case involving smuggling of gold under Sections 135(1)(a) and 135(1)(b) of The Customs Act, 1962. The petitioners were found in possession of 4.200 kgs of gold valued at Rs. 2,25,54,000 without permission, admitted to smuggling, and were intercepted while passing through the green channel. The gold was seized and confiscated. The 2nd petitioner, an unsuspecting traveler, was granted a lenient view as she was unaware of the smuggling plan and lacked knowledge of Indian laws. She deposited Rs. 10,00,000 and has a son receiving medical treatment in Malaysia. Due to an Extradition Treaty, the Court allowed the return of the 2nd petitioner's Malaysian passport with conditions, while confirming the decision against the 1st petitioner. The criminal revision case was partially allowed.
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