Independent manufacturing undertaking eligibility preserves Section 80IA/80IB deductions, while machinery kept ready for use qualifies for depreciatio...
Assessing Officer Satisfaction Requirement Bars Penalty for Cash Receipt in Immovable-Property Sale Cases Where Initiation Lacks Recorded Satisfaction...
Self-assessed import entries remain appealable, while bona fide classification disputes without misdeclaration cannot justify confiscation or penaltie...
Actual-user customs exemption conditions permit turnkey project transfers when imported windmill components are exclusively used for installation and ...
Customs offence disqualification excludes civil contraventions, preventing refusal of a private bonded warehouse licence based solely on monetary pena...
The High Court addressed the rejection of a blanket unconditional stay on tax and interest demands by the Tribunal. The Tribunal granted a conditional stay, requiring the petitioner to pay Rs. 230 crores, provide a corporate guarantee exceeding Rs. 900 crores, and cooperate in appeal disposal. The Court held that the recovery was not protective and upheld the Tribunal's order, noting prior years' compliance. The Court modified the corporate guarantee condition to the ultimate parent company, Vodafone International Holdings BV. The Court affirmed the Tribunal's order, except for the modified condition.
The High Court addressed the rejection of a blanket unconditional stay on tax and interest demands by the Tribunal. The Tribunal granted a conditional stay, requiring the petitioner to pay Rs. 230 crores, provide a corporate guarantee exceeding Rs. 900 crores, and cooperate in appeal disposal. The Court held that the recovery was not protective and upheld the Tribunal's order, noting prior years' compliance. The Court modified the corporate guarantee condition to the ultimate parent company, Vodafone International Holdings BV. The Court affirmed the Tribunal's order, except for the modified condition.
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TaxTMI 
TaxTMI 
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