Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
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Trust constituted by Central Government challenged its status as deemed dealer under MVAT Act for sale of stressed assets. HC held Trust qualifies as deemed dealer under Section 2(8) Explanation clause (x) as body constituted by Central Government. Despite ownership of loans and stressed assets through Transfer Deed, Trust's status as financial institution under RDDB Act 1993 and SARFAESI Act 2002 does not exempt it from MVAT obligations when selling movable property. However, considering Article 285 and Trust's bona fide belief of tax immunity due to its constitutional status, HC granted prospective effect to DDQ Order under Section 56(2), relieving Trust from past tax liabilities while maintaining future compliance requirements for movable property sales.
Trust constituted by Central Government challenged its status as deemed dealer under MVAT Act for sale of stressed assets. HC held Trust qualifies as deemed dealer under Section 2(8) Explanation clause (x) as body constituted by Central Government. Despite ownership of loans and stressed assets through Transfer Deed, Trust's status as financial institution under RDDB Act 1993 and SARFAESI Act 2002 does not exempt it from MVAT obligations when selling movable property. However, considering Article 285 and Trust's bona fide belief of tax immunity due to its constitutional status, HC granted prospective effect to DDQ Order under Section 56(2), relieving Trust from past tax liabilities while maintaining future compliance requirements for movable property sales.
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