AMP expenditure for own business is not an international transaction without an associated-enterprise arrangement, eliminating transfer pricing adjust...
Customs valuation must use comparable contemporary imports, while confiscation fines and penalties require proportionate recalculation on reassessed v...
Depositor-protection proceedings prevail over corporate insolvency, while liquidators may recover chit receivables using copies of seized company reco...
Intermediary service classification fails where overseas admission facilitation is supplied independently, preserving export treatment and small-provi...
Satellite transponder bandwidth is telecommunication, not Business Support Service; foreign non-telegraph providers triggered no service tax liability...
Assessments made under limited scrutiny cannot travel beyond the subject identified in the notice; where the notice was confined to cash deposits, additions on the capital gains exemption claim and treatment of income as business income were invalid. A revised return, once validly filed, replaces the original return; where the Assessing Officer framed the assessment on the basis of the original return while ignoring the revised return, that assessment could not be sustained. The impugned addition was deleted and the appeal was allowed.
Assessments made under limited scrutiny cannot travel beyond the subject identified in the notice; where the notice was confined to cash deposits, additions on the capital gains exemption claim and treatment of income as business income were invalid. A revised return, once validly filed, replaces the original return; where the Assessing Officer framed the assessment on the basis of the original return while ignoring the revised return, that assessment could not be sustained. The impugned addition was deleted and the appeal was allowed.
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