SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
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.
TaxTMI 
TaxTMI 
of 4879 
