Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
The High Court ruled on the legality and validity of decisions taken by the Policy Relaxation Committee (PRC) regarding non-submission of the "Bill of Export" document. The court held that if the party can show proof of supply to the SEZ Unit, then non-submission of the "Bill of Export" cannot be treated as non-discharge of proof of Export Obligation (EO) of Advance Authorisation (AA) under the Foreign Trade Policy (FTP). The petitioner was granted two weeks to submit the required documents, which the respondents will examine and issue the EODC within four weeks if the documents are in order. If the respondents have any queries, they shall provide a personal hearing with at least three working days' notice. The petition was disposed of accordingly.
The High Court ruled on the legality and validity of decisions taken by the Policy Relaxation Committee (PRC) regarding non-submission of the "Bill of Export" document. The court held that if the party can show proof of supply to the SEZ Unit, then non-submission of the "Bill of Export" cannot be treated as non-discharge of proof of Export Obligation (EO) of Advance Authorisation (AA) under the Foreign Trade Policy (FTP). The petitioner was granted two weeks to submit the required documents, which the respondents will examine and issue the EODC within four weeks if the documents are in order. If the respondents have any queries, they shall provide a personal hearing with at least three working days' notice. The petition was disposed of accordingly.
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