Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
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...
The Supreme Court dismissed the appeal filed by the Revenue seeking condonation of a 220-day delay in filing the special leave petition. The Court found the reasons assigned for the delay unsatisfactory and insufficient to be condoned. Consequently, the special leave petition was dismissed on the ground of delay. However, the Court left open the question of law regarding the accrual of interest on securities, whether computed on an accrual basis or on the due date as per the terms and conditions of the security, to be agitated in any other appropriate case.
The Supreme Court dismissed the appeal filed by the Revenue seeking condonation of a 220-day delay in filing the special leave petition. The Court found the reasons assigned for the delay unsatisfactory and insufficient to be condoned. Consequently, the special leave petition was dismissed on the ground of delay. However, the Court left open the question of law regarding the accrual of interest on securities, whether computed on an accrual basis or on the due date as per the terms and conditions of the security, to be agitated in any other appropriate case.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4796
Join Channel
TaxTMI 
