Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The HC allowed petitioners' claim for refund of Special Additional Duty paid under Section 3(5) of the Customs Tariff Act, 1975, subject to fulfillment of statutory conditions which were satisfied. Following Union of India v. B.T.Patil & Sons precedent regarding duty drawback refunds, the court held petitioners entitled to interest under Section 27A of the Customs Act, 1962 on delayed SAD refunds. Interest is payable from expiry of three months after filing refund applications until actual payment, at prescribed rates between ten to thirty percent per annum. The petition was allowed with both principal refund and statutory interest awarded.
The HC allowed petitioners' claim for refund of Special Additional Duty paid under Section 3(5) of the Customs Tariff Act, 1975, subject to fulfillment of statutory conditions which were satisfied. Following Union of India v. B.T.Patil & Sons precedent regarding duty drawback refunds, the court held petitioners entitled to interest under Section 27A of the Customs Act, 1962 on delayed SAD refunds. Interest is payable from expiry of three months after filing refund applications until actual payment, at prescribed rates between ten to thirty percent per annum. The petition was allowed with both principal refund and statutory interest awarded.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
