Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Applicant eligible to avail Input Tax Credit (ITC) on capital goods like wires/cables, electrical equipment used for transmission of electricity from power station to factory premises, installed outside factory as per rules/policy. Conditions u/s 16 fulfilled. Not hit by Section 17(5)(c) and (d) as goods not fixed to earth, can be removed for maintenance. Transfer of service line to GETCO at zero value under agreement does not bar ITC availment, but applicant liable u/s 18(6) in such situations. Applicant eligible for ITC on specified capital goods used for electricity transmission from DISCOM to factory premises.
Applicant eligible to avail Input Tax Credit (ITC) on capital goods like wires/cables, electrical equipment used for transmission of electricity from power station to factory premises, installed outside factory as per rules/policy. Conditions u/s 16 fulfilled. Not hit by Section 17(5)(c) and (d) as goods not fixed to earth, can be removed for maintenance. Transfer of service line to GETCO at zero value under agreement does not bar ITC availment, but applicant liable u/s 18(6) in such situations. Applicant eligible for ITC on specified capital goods used for electricity transmission from DISCOM to factory premises.
Note: It is a system-generated summary and is for quick reference only.
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