Transfer pricing comparables and adjustments: Tribunal revisits loss-maker status, segmental comparability, working capital relief, and risk allocatio...
Business expenditure disallowance failed where commission, related-party salary and promotion payments were supported by records and inquiry was inade...
After remand, the Assessing Officer had to adjudicate the original GST show cause notice for the same financial year by granting personal hearing and considering the reply; issuing a second notice instead was contrary to the earlier HC directions and amounted to overreaching the court order. The HC did not examine the merits of Section 74 and set aside the adjudication order solely on this procedural ground, remanding the matter for fresh decision on the basis of the first notice after personal hearing and due consideration of the reply.
After remand, the Assessing Officer had to adjudicate the original GST show cause notice for the same financial year by granting personal hearing and considering the reply; issuing a second notice instead was contrary to the earlier HC directions and amounted to overreaching the court order. The HC did not examine the merits of Section 74 and set aside the adjudication order solely on this procedural ground, remanding the matter for fresh decision on the basis of the first notice after personal hearing and due consideration of the reply.
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