Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
Data transmission equipment classification under CTSH 8517 62 remains distinct from residual classification, with exemption evidence requiring scrutin...
The HC dismissed the writ petition filed by the Petitioner challenging the demand raised for fraudulent availment and utilization of inadmissible Input Tax Credit (ITC). The Court noted that the Petitioner was duly aware of the ongoing investigation and failed to participate in the proceedings, which precludes condonation of such negligence. The contention regarding the delay in passing the impugned order was rejected, as the order was duly signed and dated within the limitation period despite a later upload date. Consequently, the HC upheld the impugned order confirming the demand and declined to interfere, dismissing the petition.
The HC dismissed the writ petition filed by the Petitioner challenging the demand raised for fraudulent availment and utilization of inadmissible Input Tax Credit (ITC). The Court noted that the Petitioner was duly aware of the ongoing investigation and failed to participate in the proceedings, which precludes condonation of such negligence. The contention regarding the delay in passing the impugned order was rejected, as the order was duly signed and dated within the limitation period despite a later upload date. Consequently, the HC upheld the impugned order confirming the demand and declined to interfere, dismissing the petition.
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