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...
Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
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The Tribunal upheld taxation under the concessional regime of section 115BAA and held that section 115JB could not be applied for the year in dispute. It accepted the first appellate authority's view that the assessee's option under section 115BAA was valid, and rejected the Revenue's objection based on the timing of filing Form 10-IC. The Tribunal also noted that the assessee had been processed under section 115BAA for three earlier years, and applied the principle of consistency to support the same tax treatment for the year under appeal. The Revenue's challenge was dismissed and the appellate relief was sustained.
The Tribunal upheld taxation under the concessional regime of section 115BAA and held that section 115JB could not be applied for the year in dispute. It accepted the first appellate authority's view that the assessee's option under section 115BAA was valid, and rejected the Revenue's objection based on the timing of filing Form 10-IC. The Tribunal also noted that the assessee had been processed under section 115BAA for three earlier years, and applied the principle of consistency to support the same tax treatment for the year under appeal. The Revenue's challenge was dismissed and the appellate relief was sustained.
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