Co-operative deduction eligibility excludes refund and commercial-bank interest, while qualifying co-operative investments require entity-wise verific...
Enhanced tax rate on surrendered unexplained income applies prospectively, while cash-deposit telescoping requires verification of available surrender...
Customs Broker licence proceedings require accurate procedural facts before delay or natural-justice findings can justify setting aside regulatory act...
Provisional assessment finalisation must precede export duty recovery, while redemption fine fails for goods already exported and unavailable for conf...
A foreign arbitral award was held enforceable in India because the payment directed by the award was treated as a current account transaction under FEMA and the Foreign Exchange Management (Current Account Transaction) Rules, 2000. The RBI's affidavit clarified that payment of compensatory damages did not require prior approval or permission, and that the award did not involve transfer of shares. On that basis, the Court found no legal impediment to enforcement and directed that execution proceedings continue expeditiously, with nothing further remaining to be adjudicated.
A foreign arbitral award was held enforceable in India because the payment directed by the award was treated as a current account transaction under FEMA and the Foreign Exchange Management (Current Account Transaction) Rules, 2000. The RBI's affidavit clarified that payment of compensatory damages did not require prior approval or permission, and that the award did not involve transfer of shares. On that basis, the Court found no legal impediment to enforcement and directed that execution proceedings continue expeditiously, with nothing further remaining to be adjudicated.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4821 
Join Channel 
