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...
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The High Court held that the Revenue department's request for two months to pay interest on refunds delayed by the department itself was audacious, as public money is utilized for interest payments. The Court directed the department to calculate interest up to March 1, 2024, and pay the balance interest by that date, failing which contempt proceedings would be initiated for willful disobedience of the Court's orders, emphasizing the need to save public funds and comply with judicial directives promptly.
The High Court held that the Revenue department's request for two months to pay interest on refunds delayed by the department itself was audacious, as public money is utilized for interest payments. The Court directed the department to calculate interest up to March 1, 2024, and pay the balance interest by that date, failing which contempt proceedings would be initiated for willful disobedience of the Court's orders, emphasizing the need to save public funds and comply with judicial directives promptly.
Note: It is a system-generated summary and is for quick reference only.