Tata Communications Ltd. vs UOI and Ors.
Entitlement to SFIS benefits to telecommunications providers: PIC opining foreign exchange earnings earned from optic fibre cables not entitled to SFIS benefits-Task of PIC to interpret Foreign Trade Policy and not to modify or amend the same, DGFT Circular based on PIC’s opinion quashed and set aside-The petitioner had provided dedicated bandwidth services to foreign telecommunication carriers through a continuous optic fibre cable network owned by [LexDoc Id : 413423]
B. Arjuna Raja vs State of Kerala
Gross profit addition for estimation of turnover: Addition to purchase value declared by the petitioner himself-Lower than the lowest percentage of gross profit declared by similar dealers adopted, Market value of timber considered, Order accepting estimation of gross profit at 12 percent upheld -The tribunal had accepted the estimation of gross profit at 12 percent based on evidence gathered by the department from similar traders who had decla [LexDoc Id : 419216]
