Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
HC allows petition challenging DGFT Notification No.68/2023, setting aside the rejection of Advance Authorisation for Raw Petroleum Coke import. The court remitted the matter to respondents for fresh consideration, directing DGFT to provide personal hearing to petitioners. The ruling emphasizes compliance with CAQM order and Supreme Court precedents, permitting deemed exports to SEZ units. The decision mandates reconsideration of the petitioner's application under Foreign Trade Policy, 2023, with interim relief to supply Calcined Petroleum Coke to SEZ units pending final determination.
HC allows petition challenging DGFT Notification No.68/2023, setting aside the rejection of Advance Authorisation for Raw Petroleum Coke import. The court remitted the matter to respondents for fresh consideration, directing DGFT to provide personal hearing to petitioners. The ruling emphasizes compliance with CAQM order and Supreme Court precedents, permitting deemed exports to SEZ units. The decision mandates reconsideration of the petitioner's application under Foreign Trade Policy, 2023, with interim relief to supply Calcined Petroleum Coke to SEZ units pending final determination.
Note: It is a system-generated summary and is for quick reference only.