Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Public servant status under anti-corruption law extends to recognised stock exchange leadership; constitutional and sanction challenges do not succeed...
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Provisional release of seized imported goods pending adjudication was directed on conditions where only a seizure memo had been issued and the request was confined to interim relief. The Court followed earlier writ petitions on the same footing and ordered release on payment of the enhanced duty as quantified, furnishing of a bank guarantee for ten per cent of the value of the goods, and maintenance of transaction particulars if the goods were sold after release. The order made clear that conditional release would not affect the authority's power to continue adjudication, which had to be decided independently on the parties' objections and contentions.
Provisional release of seized imported goods pending adjudication was directed on conditions where only a seizure memo had been issued and the request was confined to interim relief. The Court followed earlier writ petitions on the same footing and ordered release on payment of the enhanced duty as quantified, furnishing of a bank guarantee for ten per cent of the value of the goods, and maintenance of transaction particulars if the goods were sold after release. The order made clear that conditional release would not affect the authority's power to continue adjudication, which had to be decided independently on the parties' objections and contentions.
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