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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The Central Government exercised powers under section 25(1) of the Customs Act, 1962 to amend Notification No. 130/2010-Customs through Notification No. 32/2025-Customs dated June 30, 2025. The amendment adds serial number 48 to the existing table, designating Canada as a specified country and Air Canada as a designated airline eligible for exemption from additional customs duty on specified imported goods. This modification expands the scope of customs duty exemptions previously available to other designated airlines from specified countries under the principal notification. The amendment became effective July 1, 2025, furthering public interest objectives in international trade facilitation and airline operations.
The Central Government exercised powers under section 25(1) of the Customs Act, 1962 to amend Notification No. 130/2010-Customs through Notification No. 32/2025-Customs dated June 30, 2025. The amendment adds serial number 48 to the existing table, designating Canada as a specified country and Air Canada as a designated airline eligible for exemption from additional customs duty on specified imported goods. This modification expands the scope of customs duty exemptions previously available to other designated airlines from specified countries under the principal notification. The amendment became effective July 1, 2025, furthering public interest objectives in international trade facilitation and airline operations.
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