Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
The assessee was entitled to deduction u/s 10A despite receiving foreign exchange beyond six months from the end of the previous year, as the Reserve Bank of India, being the competent authority under the Foreign Exchange Management Act, 1999, had granted approval for realization of export proceeds by the assessee. The HC held that such approval met the requirement of Section 10A(3), entitling the assessee to exemption u/s 10A. The decision was rendered in favor of the assessee, in line with the Bombay HC judgment in Morgan Stanley Advantage Services P. Ltd.
The assessee was entitled to deduction u/s 10A despite receiving foreign exchange beyond six months from the end of the previous year, as the Reserve Bank of India, being the competent authority under the Foreign Exchange Management Act, 1999, had granted approval for realization of export proceeds by the assessee. The HC held that such approval met the requirement of Section 10A(3), entitling the assessee to exemption u/s 10A. The decision was rendered in favor of the assessee, in line with the Bombay HC judgment in Morgan Stanley Advantage Services P. Ltd.
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