Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
The HC adjudicated a challenge to the First Appellate Authority's order mandating a deposit for stay of the impugned tax order. It recognized a Central revenue notification reducing the deposit requirement to 10% of the disputed tax. The State revenue issued a corresponding notification aligning with this reduction. Consequently, the HC modified the earlier order, directing the petitioner to deposit 10% of the remaining disputed tax to maintain the stay. The petitioner's submission regarding the reduced deposit was accepted, and the writ petition was disposed of accordingly, with the stay contingent upon compliance with the revised deposit condition.
The HC adjudicated a challenge to the First Appellate Authority's order mandating a deposit for stay of the impugned tax order. It recognized a Central revenue notification reducing the deposit requirement to 10% of the disputed tax. The State revenue issued a corresponding notification aligning with this reduction. Consequently, the HC modified the earlier order, directing the petitioner to deposit 10% of the remaining disputed tax to maintain the stay. The petitioner's submission regarding the reduced deposit was accepted, and the writ petition was disposed of accordingly, with the stay contingent upon compliance with the revised deposit condition.
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