Interest on delayed release of requisitioned cash includes statutory pre-assessment interest and restitutionary compensation for unlawful post-assessm...
Incomplete inventory records justify rejecting accounts, while profit estimation requires relevant comparable material and interest falls under other ...
Transfer-pricing comparability requires functional alignment; delayed associated-enterprise receivables need separate LIBOR-based benchmarking, while ...
Extended reassessment limitation in search cases requires asset-linked escaped income, invalidating additions based only on unexplained money or expen...
Enhanced tolerance band under section 43CA applies retrospectively, deleting qualifying deemed-sale additions while disputed stamp valuation requires ...
Interest paid on import duty due to ICEGATE technical glitches was refundable despite Bills of Entry being filed after the cut-off under the Customs (Waiver of Interest) 3rd Order. The Tribunal applied a High Court ruling that an advisory acknowledged glitches continuing beyond the stipulated cut-off. Because the refund denials relied solely on late filing, the rejection orders were set aside and consequential relief was granted according to law.
Interest paid on import duty due to ICEGATE technical glitches was refundable despite Bills of Entry being filed after the cut-off under the Customs (Waiver of Interest) 3rd Order. The Tribunal applied a High Court ruling that an advisory acknowledged glitches continuing beyond the stipulated cut-off. Because the refund denials relied solely on late filing, the rejection orders were set aside and consequential relief was granted according to law.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
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