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 HC upheld the denial of redemption under Section 125 of the Customs Act, 1962, affirming the adjudicating officer's discretion to refuse redemption when the imported goods were clandestinely concealed. The petitioner's attempt to smuggle gold inside trolley handles was a critical factor negating bona fides and justifying the denial. The court also rejected the petitioner's retraction of the statement given under Section 108, noting the delay and absence of any prior objection. The findings of concealment and intent to evade duty were specifically affirmed, and no grounds existed to interfere with the impugned order. Consequently, the writ petition was dismissed, confirming the lawful exercise of the customs authority's powers in the circumstances.
The HC upheld the denial of redemption under Section 125 of the Customs Act, 1962, affirming the adjudicating officer's discretion to refuse redemption when the imported goods were clandestinely concealed. The petitioner's attempt to smuggle gold inside trolley handles was a critical factor negating bona fides and justifying the denial. The court also rejected the petitioner's retraction of the statement given under Section 108, noting the delay and absence of any prior objection. The findings of concealment and intent to evade duty were specifically affirmed, and no grounds existed to interfere with the impugned order. Consequently, the writ petition was dismissed, confirming the lawful exercise of the customs authority's powers in the circumstances.
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