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...
MeitY has amended the Electronics and Information Technology Goods (Requirements for Compulsory Registration) Order, 2021 to exempt Highly Specialized Equipment from the Order where a specific exemption is issued and the equipment is manufactured or imported in fewer than 100 units per model per year. The exemption applies only if the equipment is powered by three-phase supply, or single-phase supply with current rating above 16 ampere, or has dimensions exceeding 1.5 m x 0.8 m, or weighs more than 80 kg. The amendment takes effect from 15 June 2026 and CBIC has directed officers to be sensitised accordingly.
MeitY has amended the Electronics and Information Technology Goods (Requirements for Compulsory Registration) Order, 2021 to exempt Highly Specialized Equipment from the Order where a specific exemption is issued and the equipment is manufactured or imported in fewer than 100 units per model per year. The exemption applies only if the equipment is powered by three-phase supply, or single-phase supply with current rating above 16 ampere, or has dimensions exceeding 1.5 m x 0.8 m, or weighs more than 80 kg. The amendment takes effect from 15 June 2026 and CBIC has directed officers to be sensitised accordingly.
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