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 allowed the petition, directing the release of pending duty drawbacks within 30 days. The court noted that since the prior HC judgment dated 12th December 2023 was stayed by the SC, there was no legal basis to withhold the drawbacks. The petitioner's challenge to the customs alert and duty drawback denial was deemed valid, with the court mandating compliance with statutory procedures for drawback release.
HC allowed the petition, directing the release of pending duty drawbacks within 30 days. The court noted that since the prior HC judgment dated 12th December 2023 was stayed by the SC, there was no legal basis to withhold the drawbacks. The petitioner's challenge to the customs alert and duty drawback denial was deemed valid, with the court mandating compliance with statutory procedures for drawback release.
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