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 granted relief to petitioners, directing customs authorities to release detained gold items as personal effects. The court determined that used jewelry worn by passengers falls within the exempted category of personal effects under applicable customs rules. Relying on precedential Supreme Court interpretations of the Customs Act and Baggage Rules, the court concluded that personal-use jewelry cannot be arbitrarily detained. The ruling affirms passengers' right to carry and import personal ornaments without customs interference, effectively mandating the immediate release of the petitioners' gold items.
HC granted relief to petitioners, directing customs authorities to release detained gold items as personal effects. The court determined that used jewelry worn by passengers falls within the exempted category of personal effects under applicable customs rules. Relying on precedential Supreme Court interpretations of the Customs Act and Baggage Rules, the court concluded that personal-use jewelry cannot be arbitrarily detained. The ruling affirms passengers' right to carry and import personal ornaments without customs interference, effectively mandating the immediate release of the petitioners' gold items.
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