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...
40 non-official members are nominated to the Board of Trade, superseding the earlier nomination of 29 members. The notification expands representation from trade bodies, industry, finance, law, technology, logistics, healthcare and professional institutes. It also sets out the members' terms of reference, including providing a platform for State Governments and UTs on trade policy, supporting District Export Hub activities, advising on export strategies and policy measures, reviewing sectoral export performance, identifying trade and infrastructure constraints, and suggesting measures to streamline import-export procedures and strengthen India's foreign trade competitiveness.
40 non-official members are nominated to the Board of Trade, superseding the earlier nomination of 29 members. The notification expands representation from trade bodies, industry, finance, law, technology, logistics, healthcare and professional institutes. It also sets out the members' terms of reference, including providing a platform for State Governments and UTs on trade policy, supporting District Export Hub activities, advising on export strategies and policy measures, reviewing sectoral export performance, identifying trade and infrastructure constraints, and suggesting measures to streamline import-export procedures and strengthen India's foreign trade competitiveness.
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