Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Imported material diverted to unit other than permitted unit, resulting in contravention of import-export policy provisions. Goods held liable for confiscation u/s 111 and importer penalized u/s 112 of Customs Act. Appellant claimed permission for Wada unit valid for Panipat unit, refuted by Ministry's clarification. Confiscation and penalty upheld, but redemption fine reduced to Rs.3 lakhs and penalty to Rs.2 lakhs considering total value of Rs.22 lakhs. Appellate Tribunal's order regarding diversion of imported goods to unauthorized unit and consequent penalties.
Imported material diverted to unit other than permitted unit, resulting in contravention of import-export policy provisions. Goods held liable for confiscation u/s 111 and importer penalized u/s 112 of Customs Act. Appellant claimed permission for Wada unit valid for Panipat unit, refuted by Ministry's clarification. Confiscation and penalty upheld, but redemption fine reduced to Rs.3 lakhs and penalty to Rs.2 lakhs considering total value of Rs.22 lakhs. Appellate Tribunal's order regarding diversion of imported goods to unauthorized unit and consequent penalties.
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