SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
HC dismissed multiple writ petitions challenging customs license rejection and cancellation orders. The court held that since the Customs Act, 1962 provides an adequate statutory remedy through appeals, the writ petitions under Article 226 were not maintainable. The court referenced precedents emphasizing that when a specific statutory appeal mechanism exists, judicial review through writ jurisdiction is inappropriate. Consequently, all petitions were dismissed, with petitioners directed to utilize statutory appeal mechanisms if adverse orders are passed.
HC dismissed multiple writ petitions challenging customs license rejection and cancellation orders. The court held that since the Customs Act, 1962 provides an adequate statutory remedy through appeals, the writ petitions under Article 226 were not maintainable. The court referenced precedents emphasizing that when a specific statutory appeal mechanism exists, judicial review through writ jurisdiction is inappropriate. Consequently, all petitions were dismissed, with petitioners directed to utilize statutory appeal mechanisms if adverse orders are passed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4879 
