Jurisdictional sanction requirements bar reassessment when approval comes from an authority lacking statutory competence under the applicable framewor...
Recorded sales receipts cannot be reassessed as unexplained cash credits, eliminating the basis for consequential alleged commission expenditure addit...
Sufficient cause for delayed income-tax appeals requires bona fide diligence; unsubstantiated counsel illness and assessee inaction defeat condonation...
TNMM Segmentation Limits Transfer-Pricing Adjustments to Associated-Enterprise Transactions and Requires Turnover-Based Comparable Selection for IT Se...
The HC directed respondents to conduct an expeditious review of the TRQ allocation policy under the India-UAE CEPA and complete the review preferably within four weeks. The court mandated that the review address petitioners' grievances concerning eligibility and allocation modalities, emphasising that the allocation policy should be made more broad-based to include applicants lacking multi-year substantial turnover yet possessing significant networks and first-time TRQ applicants. The HC permitted respondents, including DGFT, to formulate and introduce additional conditions or criteria to effectuate broader allocation if deemed appropriate. The petitions were disposed of on the basis of the aforesaid directions.
The HC directed respondents to conduct an expeditious review of the TRQ allocation policy under the India-UAE CEPA and complete the review preferably within four weeks. The court mandated that the review address petitioners' grievances concerning eligibility and allocation modalities, emphasising that the allocation policy should be made more broad-based to include applicants lacking multi-year substantial turnover yet possessing significant networks and first-time TRQ applicants. The HC permitted respondents, including DGFT, to formulate and introduce additional conditions or criteria to effectuate broader allocation if deemed appropriate. The petitions were disposed of on the basis of the aforesaid directions.
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TaxTMI 
TaxTMI 
