Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Service tax liability prior to the Point of Taxation regime arose on actual receipt of consideration, not merely on accrual-based book figures or sundry debtors; GTA liability also rested on the service recipient under reverse charge, and the related demands were unsustainable. Classification turned on the real nature of the activity, so export cargo handling could not be taxed as Clearing and Forwarding Agent service, and pure reimbursements without profit element were excluded from value. Advances linked to GTA service were covered by reverse charge, unsecured loan receipts were not consideration for service, and detention charges were penal in nature. CENVAT credit could not be denied for clerical invoice defects where receipt and use of input services were established. A second notice on the same known facts could not invoke the extended period, and Section 78 penalty failed for want of wilful suppression.
Service tax liability prior to the Point of Taxation regime arose on actual receipt of consideration, not merely on accrual-based book figures or sundry debtors; GTA liability also rested on the service recipient under reverse charge, and the related demands were unsustainable. Classification turned on the real nature of the activity, so export cargo handling could not be taxed as Clearing and Forwarding Agent service, and pure reimbursements without profit element were excluded from value. Advances linked to GTA service were covered by reverse charge, unsecured loan receipts were not consideration for service, and detention charges were penal in nature. CENVAT credit could not be denied for clerical invoice defects where receipt and use of input services were established. A second notice on the same known facts could not invoke the extended period, and Section 78 penalty failed for want of wilful suppression.
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