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 analyzed VAT taxation of mobile chargers within composite product sales. The court determined that mobile battery chargers are separate accessories, not integral components of cellphones, and should be taxed independently at prescribed rates. The tribunal's previous interpretation was found erroneous, failing to correctly apply VAT Act provisions and Supreme Court precedents. The court rejected the dominant nature test argument, emphasizing that chargers sold with phones constitute a pure goods transaction. Consequently, the HC allowed the petition, mandating separate taxation for mobile battery chargers at the appropriate rate under the HP VAT Act, 2005, specifically referencing entry No. 60 (f) (vii) of schedule-A.
HC analyzed VAT taxation of mobile chargers within composite product sales. The court determined that mobile battery chargers are separate accessories, not integral components of cellphones, and should be taxed independently at prescribed rates. The tribunal's previous interpretation was found erroneous, failing to correctly apply VAT Act provisions and Supreme Court precedents. The court rejected the dominant nature test argument, emphasizing that chargers sold with phones constitute a pure goods transaction. Consequently, the HC allowed the petition, mandating separate taxation for mobile battery chargers at the appropriate rate under the HP VAT Act, 2005, specifically referencing entry No. 60 (f) (vii) of schedule-A.
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