Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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The HC dismissed the petition challenging the order of the Settlement Commission imposing interest on delayed payment of customs duties under a valid notification. The petitioners had availed duty exemption on import subject to export obligations which were not satisfied. The HC upheld the constitutional validity of the notification stipulating payment of interest on duties payable from the date of clearance if export obligations were not met, as the exemption was conditional. The order imposing interest as per the notification's terms was a valid settlement that must be accepted in its entirety.
The HC dismissed the petition challenging the order of the Settlement Commission imposing interest on delayed payment of customs duties under a valid notification. The petitioners had availed duty exemption on import subject to export obligations which were not satisfied. The HC upheld the constitutional validity of the notification stipulating payment of interest on duties payable from the date of clearance if export obligations were not met, as the exemption was conditional. The order imposing interest as per the notification's terms was a valid settlement that must be accepted in its entirety.
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