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...
Nominee director protection shields independent financial-institution appointees from criminal liability where they lack involvement in deposit defaul...
Customs detention regulations prohibit recovery of rent or demurrage on goods detained or seized by Customs. Following reassessment and payment of duty, imported Low Alloy Steel Scrap remained entitled to physical release; delays caused by Customs authorities, a shipping line, or a custodian could not be imposed on the importer. The High Court required the shipping line and custodian to issue delivery orders and release the goods without detention charges, container detention charges, ground rent, or demurrage for the certified detention period, while leaving their inter se claims to be resolved according to law.
Customs detention regulations prohibit recovery of rent or demurrage on goods detained or seized by Customs. Following reassessment and payment of duty, imported Low Alloy Steel Scrap remained entitled to physical release; delays caused by Customs authorities, a shipping line, or a custodian could not be imposed on the importer. The High Court required the shipping line and custodian to issue delivery orders and release the goods without detention charges, container detention charges, ground rent, or demurrage for the certified detention period, while leaving their inter se claims to be resolved according to law.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
