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 stayed adjudication of a show cause notice demanding additional customs duty on imported fiber-optic cables intended for laying in India's Exclusive Economic Zone (EEZ). The court found a strong prima facie case that the Customs Act and Customs Tariff Act may not apply to these imports. While the Central Government had issued notifications on January 14, 1987, extending customs legislation to the Continental Shelf and EEZ, the court noted these extensions were subject to specific purposes outlined in a February 7, 2002 notification. As the petitioner's imports did not fall within those designated purposes, the court granted interim relief pending final determination of whether customs legislation applies to such goods in the EEZ.
The HC stayed adjudication of a show cause notice demanding additional customs duty on imported fiber-optic cables intended for laying in India's Exclusive Economic Zone (EEZ). The court found a strong prima facie case that the Customs Act and Customs Tariff Act may not apply to these imports. While the Central Government had issued notifications on January 14, 1987, extending customs legislation to the Continental Shelf and EEZ, the court noted these extensions were subject to specific purposes outlined in a February 7, 2002 notification. As the petitioner's imports did not fall within those designated purposes, the court granted interim relief pending final determination of whether customs legislation applies to such goods in the EEZ.
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