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...
Page of 4828
Press 'Enter' after typing page number.
161 to 180 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
CESTAT dismissed Revenue's appeal regarding additional customs duty on imported mulberry silk fabrics. The Tribunal applied the Supreme Court precedent from AIDEK Tourism Services establishing that actual domestic production of like articles is unnecessary for Section 3 Customs Tariff Act levy determination. The Court held importers must be treated as manufacturers, with duty calculated based on what Indian manufacturers would pay under Excise Act for similar goods. Since exemption notifications applied to like articles if domestically produced, imported mulberry silk fabrics qualified for concessional treatment and were not liable for additional customs duty. The Tribunal sustained lower orders granting exemption benefits to the importer.
CESTAT dismissed Revenue's appeal regarding additional customs duty on imported mulberry silk fabrics. The Tribunal applied the Supreme Court precedent from AIDEK Tourism Services establishing that actual domestic production of like articles is unnecessary for Section 3 Customs Tariff Act levy determination. The Court held importers must be treated as manufacturers, with duty calculated based on what Indian manufacturers would pay under Excise Act for similar goods. Since exemption notifications applied to like articles if domestically produced, imported mulberry silk fabrics qualified for concessional treatment and were not liable for additional customs duty. The Tribunal sustained lower orders granting exemption benefits to the importer.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
