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...
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Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
The legality of transfer of the deceased's shares in Mertinez Entex Industries Ltd. was left to be pursued in the corporate forum, while title issues based on the alleged gift deeds were confined to the civil court. Objections based on the 10% holding threshold were not to prevent consideration of the relevant prayer and connected interim reliefs, and all merits were left open. Interim reliefs concerning the deceased's interest in Monica India and Sanjeev Wollen Mills were remitted for fresh consideration after the proposed amendment and subsequent developments are taken into account. Receivership was extended to the deceased's undisputed personal shares and continued over admitted estate properties.
The legality of transfer of the deceased's shares in Mertinez Entex Industries Ltd. was left to be pursued in the corporate forum, while title issues based on the alleged gift deeds were confined to the civil court. Objections based on the 10% holding threshold were not to prevent consideration of the relevant prayer and connected interim reliefs, and all merits were left open. Interim reliefs concerning the deceased's interest in Monica India and Sanjeev Wollen Mills were remitted for fresh consideration after the proposed amendment and subsequent developments are taken into account. Receivership was extended to the deceased's undisputed personal shares and continued over admitted estate properties.
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