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If Assessee is cash-rich entity, AO cannot presume that it had infused significant funds by way of equity in JV Company, for making disallowance under Rule 8D
Challenge to Rule 8 must fail when tested on anvil of Second Proviso to Sec 3A(2)(b)Central Excise Tariff Act
Entity/ person to qualify as ‘intermediary’ must be shown to work as ‘broker’ who only facilitates provision of service
Services rendered by subsidiary of foreign company to its holding company are not covered by Sec 2(6)(v) of IGST Act
Sale/purchase transaction would not be void on account of it being reflected as sale/ purchase on High Seas basis
No anticipatory bail for economic offences involving loss to public exchequer
Cash seized from premises ought to be released and Taxpayer is not precluded from filing application for refund, if due
‘Brand Name’ being akin to trademarks, qualifies for depreciation u/s 32(1)(ii) as ‘intangible asset’
Taxpayer is not required to Form DVAT-21 separately for refund once he had claimed the same in its return
Group companies are not taxable u/s 68 once undisclosed income stands settled by flagship company before ITSC
