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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HC ruled in favor of petitioner's claim for MEIS benefits despite scheme expiration in February 2022. The court determined that since petitioner's application to amend 50 shipping bills was made in April 2018 when MEIS was operational, benefits cannot be denied merely due to scheme expiration. Following precedents in Technocraft Industries and L&T cases, HC rejected DGFT's argument that scheme expiry nullifies prior accrued benefits. Court emphasized that administrative delays cannot prejudice rightful claims initiated during scheme validity. Respondents directed to process MEIS scrip applications within 15 days if eligibility criteria met. Ruling reinforces principle that vested rights under government schemes survive scheme expiration when claims were timely initiated.
HC ruled in favor of petitioner's claim for MEIS benefits despite scheme expiration in February 2022. The court determined that since petitioner's application to amend 50 shipping bills was made in April 2018 when MEIS was operational, benefits cannot be denied merely due to scheme expiration. Following precedents in Technocraft Industries and L&T cases, HC rejected DGFT's argument that scheme expiry nullifies prior accrued benefits. Court emphasized that administrative delays cannot prejudice rightful claims initiated during scheme validity. Respondents directed to process MEIS scrip applications within 15 days if eligibility criteria met. Ruling reinforces principle that vested rights under government schemes survive scheme expiration when claims were timely initiated.
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