SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
MEIS benefit processing requires a shipping bill's Reward declaration, inadvertently entered as 'N', to be corrected to 'Y' in the EDI system after Customs has made the corresponding manual correction. The amended shipping bills must then be electronically transmitted to DGFT under the prescribed public-notice procedure so that the MEIS claim can be implemented. Administrative technology must facilitate, rather than obstruct, a rectifiable procedural correction; the specified Customs and DGFT actions are to be completed within four weeks of communication.
MEIS benefit processing requires a shipping bill's Reward declaration, inadvertently entered as 'N', to be corrected to 'Y' in the EDI system after Customs has made the corresponding manual correction. The amended shipping bills must then be electronically transmitted to DGFT under the prescribed public-notice procedure so that the MEIS claim can be implemented. Administrative technology must facilitate, rather than obstruct, a rectifiable procedural correction; the specified Customs and DGFT actions are to be completed within four weeks of communication.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4913 
