International transaction characterisation of domestic divestment of support services business rejected; transaction between resident associated enter...
Minimum Import Price restrictions for Black Pepper, Areca-nuts and Apples upheld; procedural laying failure not fatal, notifications to be placed befo...
Transaction value between related persons requires market-equivalent pricing; importer must prove declared value mirrors ordinary international trade ...
The note addresses tax treatment of compensation paid under the BSNL VRS-2019 scheme, stating that such VRS compensation qualifies for statutory exemption under the applicable VRS exemption provision (subject to relevant rules), and that where the exemption claim was filed before the appellate authority the compensation is not taxable. The operative effect is that the taxpayer is entitled to refund of tax deducted at source on the VRS payment. Procedural details are limited to noting admission of appeals and the appellate determination of exemption and refund entitlement.
The note addresses tax treatment of compensation paid under the BSNL VRS-2019 scheme, stating that such VRS compensation qualifies for statutory exemption under the applicable VRS exemption provision (subject to relevant rules), and that where the exemption claim was filed before the appellate authority the compensation is not taxable. The operative effect is that the taxpayer is entitled to refund of tax deducted at source on the VRS payment. Procedural details are limited to noting admission of appeals and the appellate determination of exemption and refund entitlement.
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