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...
Customs duty is retrospectively waived for imports of goods used for generation of nuclear power, falling under tariff item 8401 30 00, where the goods were covered by the cited exemption notification. The Central Government records that non-levy of duty was generally prevalent for such imports during 1 April 2019 to 31 January 2026 and directs that the whole of the duty of customs otherwise payable for that period shall not be required to be paid.
Customs duty is retrospectively waived for imports of goods used for generation of nuclear power, falling under tariff item 8401 30 00, where the goods were covered by the cited exemption notification. The Central Government records that non-levy of duty was generally prevalent for such imports during 1 April 2019 to 31 January 2026 and directs that the whole of the duty of customs otherwise payable for that period shall not be required to be paid.
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