Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
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Levy of additional customs duty under section 3(1) of the Customs Tariff Act, equivalent to rubber cess under section 12 of the Rubber Act on imported natural rubber, was upheld as legally sustainable. The Tribunal noted that competing decisions had been cited, but it followed the coordinate Bench ruling in the appellant's own case, which had recently rejected the same challenge for an earlier period by relying on the Larger Bench decision in TTK-LIG Ltd. In the absence of distinguishing facts and with no operative stay or interim order from the Supreme Court, the Tribunal declined to take a different view and sustained the demand; the appeal was dismissed.
Levy of additional customs duty under section 3(1) of the Customs Tariff Act, equivalent to rubber cess under section 12 of the Rubber Act on imported natural rubber, was upheld as legally sustainable. The Tribunal noted that competing decisions had been cited, but it followed the coordinate Bench ruling in the appellant's own case, which had recently rejected the same challenge for an earlier period by relying on the Larger Bench decision in TTK-LIG Ltd. In the absence of distinguishing facts and with no operative stay or interim order from the Supreme Court, the Tribunal declined to take a different view and sustained the demand; the appeal was dismissed.
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