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...
Page of 4828
Press 'Enter' after typing page number.
161 to 180 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The Central Government is empowered to formulate and amend the Foreign Trade Policy. The impugned Notification prohibiting export of Non-Basmati White Rice, except in certain cases, cannot be held contrary to the Foreign Trade Policy. The policy change can be given retrospective effect in public interest, overriding individual losses, as held in Shrijee Sales Corporation and Unicorn Industries cases. The petitioners' claim of vested rights due to prior Letters of Credit is rejected, as they were at the procurement stage, not shipment stage. The conditions in the Notification enabling exports for fulfilled contractual obligations are not arbitrary or violative of Article 14. The doctrine of legitimate expectation cannot be upheld per the Supreme Court's decision in Sivanandan CT case, as legitimate expectation is not a legal right and yields to public interest. No prior notice is required. The Notification will have prospective effect for the petitioners, allowing exports of Non-Basmati White Rice against Letters of Credit issued before 20.07.2023, fulfilling contractual obligations with foreign buyers.
The Central Government is empowered to formulate and amend the Foreign Trade Policy. The impugned Notification prohibiting export of Non-Basmati White Rice, except in certain cases, cannot be held contrary to the Foreign Trade Policy. The policy change can be given retrospective effect in public interest, overriding individual losses, as held in Shrijee Sales Corporation and Unicorn Industries cases. The petitioners' claim of vested rights due to prior Letters of Credit is rejected, as they were at the procurement stage, not shipment stage. The conditions in the Notification enabling exports for fulfilled contractual obligations are not arbitrary or violative of Article 14. The doctrine of legitimate expectation cannot be upheld per the Supreme Court's decision in Sivanandan CT case, as legitimate expectation is not a legal right and yields to public interest. No prior notice is required. The Notification will have prospective effect for the petitioners, allowing exports of Non-Basmati White Rice against Letters of Credit issued before 20.07.2023, fulfilling contractual obligations with foreign buyers.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
