SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
The HC allowed the petition and granted the requested relief, directing the Respondents to extend the exemption to the Petitioner and to give consequential reliefs, thereby disposing of the matter. The Court observed the petition had been pending over two years, that the goods had been cleared and Customs duty paid under protest, and that jurisdictional objections had not been raised by the Customs authorities. Having found the principal controversy substantially adjudicated and appropriate to be resolved on merits, the HC extended the benefit of a relevant Supreme Court decision to the Petitioner and ordered grant of exemption (and attendant reliefs) in favour of the Petitioner, disposing of the petition.
The HC allowed the petition and granted the requested relief, directing the Respondents to extend the exemption to the Petitioner and to give consequential reliefs, thereby disposing of the matter. The Court observed the petition had been pending over two years, that the goods had been cleared and Customs duty paid under protest, and that jurisdictional objections had not been raised by the Customs authorities. Having found the principal controversy substantially adjudicated and appropriate to be resolved on merits, the HC extended the benefit of a relevant Supreme Court decision to the Petitioner and ordered grant of exemption (and attendant reliefs) in favour of the Petitioner, disposing of the petition.
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TaxTMI 
TaxTMI 
of 4897 
