Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
The HC held that the petitioner is entitled to statutory interest at 6% per annum on the refund amount, commencing from the day after the expiry of sixty days from the receipt of the refund application until the refund is credited. This aligns with the precedent set by the Coordinate Bench, confirming that interest accrues under Section 56 of the CGST Act, 2017. The Court directed the respondent to pay the interest within two months. The petition was disposed of accordingly.
The HC held that the petitioner is entitled to statutory interest at 6% per annum on the refund amount, commencing from the day after the expiry of sixty days from the receipt of the refund application until the refund is credited. This aligns with the precedent set by the Coordinate Bench, confirming that interest accrues under Section 56 of the CGST Act, 2017. The Court directed the respondent to pay the interest within two months. The petition was disposed of accordingly.
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