Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking me...
Revisionary jurisdiction cannot reopen share capital assessments where adequate inquiry supports a permissible view and no independent error is establ...
Reassessment jurisdiction fails where unverified portal information is aggregated without examining the taxpayer's explanation or relevance of entries...
Statutory sanction for delayed reassessment requires approval from the prescribed authority; approval by an inferior authority invalidates jurisdictio...
Transfer pricing margin adjustments require matching treatment of non-operating income and related costs, with comparability issues reconsidered on ev...
Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
ICES has been enhanced to provide automated goods registration for imports, replacing the existing web-based process for AEO T2/T3 entities, eligible manufacturer importers and importers using Direct Port Delivery. For eligible manufacturer importers, the facility applies only after due registration or approval by the Directorate of International Customs. Under the new system, regular Bills of Entry are auto-registered after assessment, while prior Bills of Entry are auto-registered after entry inwards and assessment. Successful auto-registration triggers a system-generated SMS to the importer's registered mobile number, and stakeholders are directed to align their processes with the updated functionality.
ICES has been enhanced to provide automated goods registration for imports, replacing the existing web-based process for AEO T2/T3 entities, eligible manufacturer importers and importers using Direct Port Delivery. For eligible manufacturer importers, the facility applies only after due registration or approval by the Directorate of International Customs. Under the new system, regular Bills of Entry are auto-registered after assessment, while prior Bills of Entry are auto-registered after entry inwards and assessment. Successful auto-registration triggers a system-generated SMS to the importer's registered mobile number, and stakeholders are directed to align their processes with the updated functionality.
Note: It is a system-generated summary and is for quick reference only.
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