MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
Preventive suspension requires an immediate continuing threat and cannot become indefinite without inquiry, fresh evidence, or proportionate safeguard...
HC granted conditional leave to defend the suit to the Defendant on the issue of wrongful detention charges. The key question was whether a detention-cum-demurrage waiver Certificate u/s05.08.2019 by Customs Authority would bind the Defendant. Defendant claimed to be an agent of the principal shipping line, acting as a carrier. Plaintiff exceeded free detention period due to Customs hold. Defendant sought detention charges for the extra period. The Bill of Lading and contract were until the end of free detention period. Plaintiff saved goods, received waiver Certificate. HC found Defendant's defense arguable, quashed the direction to deposit Rs. 18 lakhs. Petition allowed.
HC granted conditional leave to defend the suit to the Defendant on the issue of wrongful detention charges. The key question was whether a detention-cum-demurrage waiver Certificate u/s05.08.2019 by Customs Authority would bind the Defendant. Defendant claimed to be an agent of the principal shipping line, acting as a carrier. Plaintiff exceeded free detention period due to Customs hold. Defendant sought detention charges for the extra period. The Bill of Lading and contract were until the end of free detention period. Plaintiff saved goods, received waiver Certificate. HC found Defendant's defense arguable, quashed the direction to deposit Rs. 18 lakhs. Petition allowed.
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