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 affirmed the validity of customs duty notifications, rejecting petitioner's challenge to additional duty levies. The court held that goods exempted from basic customs duty can still be subject to additional duty under respective enactments. Notification No.24/2005 does not preclude levy of 4% additional duty under Notification No.19/2005. The government retains discretionary power under Section 25 of Customs Act to grant conditional or absolute exemptions. The court emphasized that nil or free tariff classification does not automatically eliminate potential duty liability. Consequently, the petition was dismissed, upholding the customs authorities' right to impose supplementary duties on imported goods.
HC affirmed the validity of customs duty notifications, rejecting petitioner's challenge to additional duty levies. The court held that goods exempted from basic customs duty can still be subject to additional duty under respective enactments. Notification No.24/2005 does not preclude levy of 4% additional duty under Notification No.19/2005. The government retains discretionary power under Section 25 of Customs Act to grant conditional or absolute exemptions. The court emphasized that nil or free tariff classification does not automatically eliminate potential duty liability. Consequently, the petition was dismissed, upholding the customs authorities' right to impose supplementary duties on imported goods.
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