Transfer-pricing aggregation of distinct support-service and subcontract transactions was rejected, while debt-free receivables attracted no notional ...
Customs exemptions cover photovoltaic assembly machinery and PVF backsheets, while fully declared cleared imports may avoid confiscation and penalties...
Specific tariff classification for LCD devices overrides treatment as electricity-meter parts, defeating differential duty, extended limitation, and p...
Stayed disciplinary punishment does not establish unfitness for insolvency professional registration; reconsideration must disregard mere pendency of ...
Indirect corporate control can create related-party status, excluding financial creditors from Committee of Creditors representation, participation an...
Page of 4881
Press 'Enter' after typing page number.
101 to 120 of 97618 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The HC dismissed the writ petition, holding that the petitioner, having previously availed full excise exemption under Clause 5(a) as a new unit, cannot claim further exemption under Clause 5(b) for a subsequent substantial expansion within the ten-year period; an existing unit's expansion relief (triggered only for expansion of not less than 25% of fixed capital) is distinct from the full-investment benefit accorded to a new unit, and the two benefits cannot be compounded. The court rejected a promissory-estoppel plea, noting the petitioner received the notified benefit and that fiscal exemption notifications are to be strictly construed in favour of revenue; no interference was warranted.
The HC dismissed the writ petition, holding that the petitioner, having previously availed full excise exemption under Clause 5(a) as a new unit, cannot claim further exemption under Clause 5(b) for a subsequent substantial expansion within the ten-year period; an existing unit's expansion relief (triggered only for expansion of not less than 25% of fixed capital) is distinct from the full-investment benefit accorded to a new unit, and the two benefits cannot be compounded. The court rejected a promissory-estoppel plea, noting the petitioner received the notified benefit and that fiscal exemption notifications are to be strictly construed in favour of revenue; no interference was warranted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4881 
