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 ruled that the plaintiff is entitled to reimbursement of service tax under the Voluntary Compliance Encouragement Scheme 2013, with additional interest of Rs. 26.42 lacs at 10% per annum due to defendant's delay in payment. The court found no valid reason for the defendant's eight-month delay in releasing funds after receiving service tax department clarification on 20th July, 2016. The reimbursement amount of Rs. 3,94,34,035/- was confirmed, and the plaintiff was granted interest if payment is not made within two months from the date of order. The appeal was allowed, and the suit was decreed in favor of the plaintiff.
HC ruled that the plaintiff is entitled to reimbursement of service tax under the Voluntary Compliance Encouragement Scheme 2013, with additional interest of Rs. 26.42 lacs at 10% per annum due to defendant's delay in payment. The court found no valid reason for the defendant's eight-month delay in releasing funds after receiving service tax department clarification on 20th July, 2016. The reimbursement amount of Rs. 3,94,34,035/- was confirmed, and the plaintiff was granted interest if payment is not made within two months from the date of order. The appeal was allowed, and the suit was decreed in favor of the plaintiff.
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