Dependent Agent PE unresolved for lack of factual inquiry; arm's-length distribution accepted; royalty claim rejected; 15% refund interest (Section 24...
Exemption under s.10(23C)(iiiad) upheld; appeal allowed, interest and dividends excluded from annual receipts, disallowance deleted, capital gains exe...
A senior government official warned that global "tariff volatility" is overturning trade calculations and disrupting supply chains after a major economy sharply raised tariffs on imports, including punitive duties tied to energy purchases. The official noted strategic consequences from the concentration of manufacturing in a single geography, rising anti-globalisation sentiment, tighter technology controls, competition for critical minerals, use of sanctions and asset seizures, and the growth of crypto and big tech influence. States must de-risk exposures, safeguard sovereignty against tech penetration, and recalibrate policy to manage end-to-end risks while selectively taking strategic economic and security risks.
A senior government official warned that global "tariff volatility" is overturning trade calculations and disrupting supply chains after a major economy sharply raised tariffs on imports, including punitive duties tied to energy purchases. The official noted strategic consequences from the concentration of manufacturing in a single geography, rising anti-globalisation sentiment, tighter technology controls, competition for critical minerals, use of sanctions and asset seizures, and the growth of crypto and big tech influence. States must de-risk exposures, safeguard sovereignty against tech penetration, and recalibrate policy to manage end-to-end risks while selectively taking strategic economic and security risks.
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