SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
The High Court condoned the 525-day delay in instituting the appeal. It held that the case involved a refund of tax wrongly paid, not a tax rebate as erroneously assumed. Consequently, the appellant's Service Tax Appeal before the tribunal was maintainable. The HC set aside the tribunal's orders, restoring the appellant's appeal to the tribunal's file. The appeal was allowed.
The High Court condoned the 525-day delay in instituting the appeal. It held that the case involved a refund of tax wrongly paid, not a tax rebate as erroneously assumed. Consequently, the appellant's Service Tax Appeal before the tribunal was maintainable. The HC set aside the tribunal's orders, restoring the appellant's appeal to the tribunal's file. The appeal was allowed.
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TaxTMI 
TaxTMI 
