Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
HC dismissed the writ petition challenging a customs penalty, holding that the statutory pre-deposit under Section 129E of the Customs Act, 1962 is mandatory. The court found no merit in the petitioner's claim of financial incapacity, noting the petitioner's status as a regular importer who should be aware of statutory provisions. The petition was rejected as the petitioner was re-agitating previously adjudicated contentions and failed to comply with the mandatory pre-deposit requirement for filing a statutory appeal.
HC dismissed the writ petition challenging a customs penalty, holding that the statutory pre-deposit under Section 129E of the Customs Act, 1962 is mandatory. The court found no merit in the petitioner's claim of financial incapacity, noting the petitioner's status as a regular importer who should be aware of statutory provisions. The petition was rejected as the petitioner was re-agitating previously adjudicated contentions and failed to comply with the mandatory pre-deposit requirement for filing a statutory appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
