Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
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Statutory interest on customs refund depends on whether the refund was processed within the period under Section 27A and whether any delay in re-assessment is attributable to the Department. Where refund claims became maintainable only after prior directions and the refund orders were issued within three months of the applications, the Court held that no interest was payable. By contrast, where petitioners had sought re-assessment long earlier and the Department's prolonged delay in passing re-assessment orders delayed the refund, the Court directed statutory interest from the date of the first re-assessment application until actual refund.
Statutory interest on customs refund depends on whether the refund was processed within the period under Section 27A and whether any delay in re-assessment is attributable to the Department. Where refund claims became maintainable only after prior directions and the refund orders were issued within three months of the applications, the Court held that no interest was payable. By contrast, where petitioners had sought re-assessment long earlier and the Department's prolonged delay in passing re-assessment orders delayed the refund, the Court directed statutory interest from the date of the first re-assessment application until actual refund.
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