Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
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Where a faceless reassessment effectively operates as a best judgment assessment because the assessee does not comply with section 142(1) notices and does not adequately to section 144 show-cause notices, the Commissioner (Appeals) may set aside the matter and remit it for fresh assessment. The Tribunal noted that the proviso to section 251(1)(a), inserted from 1 October 2024, expressly permits such a remand in appeals against orders made under section 144. As additional evidence in the form of e-way bills had been filed and the assessee alleged inadequate opportunity, the remand was held proper. The Revenue's challenge failed and the remand order was upheld.
Where a faceless reassessment effectively operates as a best judgment assessment because the assessee does not comply with section 142(1) notices and does not adequately to section 144 show-cause notices, the Commissioner (Appeals) may set aside the matter and remit it for fresh assessment. The Tribunal noted that the proviso to section 251(1)(a), inserted from 1 October 2024, expressly permits such a remand in appeals against orders made under section 144. As additional evidence in the form of e-way bills had been filed and the assessee alleged inadequate opportunity, the remand was held proper. The Revenue's challenge failed and the remand order was upheld.
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