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 question of whether the recovery of short-levied duty along with interest is barred by the limitation period prescribed under sub-section (9) of Section 28 of the Customs Act, 1962 is a mixed question of law and fact, which cannot be adjudicated in the writ petition. The appellant was directed to prefer a statutory appeal and raise the limitation plea before the appellate authority. The appellate authority was instructed to consider the appeal on merits, untrammeled by the findings in the impugned judgment. The time during which the appellant prosecuted the writ petition was ordered to be excluded while computing the period of limitation. The appeal was disposed of accordingly.
The High Court held that the question of whether the recovery of short-levied duty along with interest is barred by the limitation period prescribed under sub-section (9) of Section 28 of the Customs Act, 1962 is a mixed question of law and fact, which cannot be adjudicated in the writ petition. The appellant was directed to prefer a statutory appeal and raise the limitation plea before the appellate authority. The appellate authority was instructed to consider the appeal on merits, untrammeled by the findings in the impugned judgment. The time during which the appellant prosecuted the writ petition was ordered to be excluded while computing the period of limitation. The appeal was disposed of accordingly.
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