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...
Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
The High Court addressed the issue of refunding rebate amount with interest u/s 11BB of the Central Excise Act, 1944 and the applicability of Section 142(3) of the CGST Act, 2017. It held that Section 142(3) mandates payment in cash, not credit in CENVAT account. The court directed the refunding authority to pay the duty refundable in cash with interest, except as per Section 11B(2) of the Central Excise Act, 1944. The order requires payment within four weeks. The petition was disposed of accordingly.
The High Court addressed the issue of refunding rebate amount with interest u/s 11BB of the Central Excise Act, 1944 and the applicability of Section 142(3) of the CGST Act, 2017. It held that Section 142(3) mandates payment in cash, not credit in CENVAT account. The court directed the refunding authority to pay the duty refundable in cash with interest, except as per Section 11B(2) of the Central Excise Act, 1944. The order requires payment within four weeks. The petition was disposed of accordingly.
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