Co-operative credit society deduction on bank deposit interest upheld where funds were business funds and income remained attributable to member credi...
Transfer pricing benchmarking and receivables adjustments remanded: segmental financials need proper scrutiny, and foreign-currency interest must trac...
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The HC modified the provisional release conditions for seized goods, holding that the earlier directions in a prior Madras HC order should be followed. It directed release on payment of the duty declared by the petitioner, payment of 50% of the differential duty on the Department's assessed value, and execution of bonds in place of the originally required bond and bank guarantee. The release was made conditional on compliance with these substituted terms and the petitioner's cooperation in the ongoing investigation, while investigation and adjudication were left to continue in accordance with law.
The HC modified the provisional release conditions for seized goods, holding that the earlier directions in a prior Madras HC order should be followed. It directed release on payment of the duty declared by the petitioner, payment of 50% of the differential duty on the Department's assessed value, and execution of bonds in place of the originally required bond and bank guarantee. The release was made conditional on compliance with these substituted terms and the petitioner's cooperation in the ongoing investigation, while investigation and adjudication were left to continue in accordance with law.
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