Business deductions and transfer pricing issues: tribunal treatment of software write-offs, donation receipts, warranty provisions, and related expens...
Equivalent value attachment under money laundering law upheld where received funds were treated as proceeds of crime and prior-acquired property could...
Challenge to the detention/impounding of rubber process oil imported by the petitioner. The key points are: The sample was tested by a Chemical Examiner, but it is unclear if the examiner was recognized as per the relevant circular. The test report dated 31.12.2014 was allegedly not provided to the petitioner, preventing them from opposing the detention/unclearing of the goods as per rules and regulations. The High Court allowed the petition, likely directing the respondents to release the goods and potentially pay compensation for the improper detention.
Challenge to the detention/impounding of rubber process oil imported by the petitioner. The key points are: The sample was tested by a Chemical Examiner, but it is unclear if the examiner was recognized as per the relevant circular. The test report dated 31.12.2014 was allegedly not provided to the petitioner, preventing them from opposing the detention/unclearing of the goods as per rules and regulations. The High Court allowed the petition, likely directing the respondents to release the goods and potentially pay compensation for the improper detention.
Note: It is a system-generated summary and is for quick reference only.