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...
In GST appeal limitation, the HC held that where the statute requires filing within three months from communication of the order, the date of communication must be excluded and limitation runs from the next day; "month" means a calendar month. On that computation, the appeal fell within the condonable period, so the appellate authority erred in treating it as time-barred. The HC also found that the authority failed to consider the electronically filed reply to the show cause notice on limitation, which deprived the petitioner of fair consideration and amounted to an apparent error on the record. The rejection was set aside and the matter remitted for fresh consideration.
In GST appeal limitation, the HC held that where the statute requires filing within three months from communication of the order, the date of communication must be excluded and limitation runs from the next day; "month" means a calendar month. On that computation, the appeal fell within the condonable period, so the appellate authority erred in treating it as time-barred. The HC also found that the authority failed to consider the electronically filed reply to the show cause notice on limitation, which deprived the petitioner of fair consideration and amounted to an apparent error on the record. The rejection was set aside and the matter remitted for fresh consideration.
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