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...
Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Relaxation was sought for utilisation of SFIS scrips in relation to inbound tour operations, including extension of time, monetisation, use for IGST or BSD payment, or transfer to other eligible persons. The matter was disposed of by directing the respondents to consider the pending representations and take a decision within two months. Status quo on the validity of the SFIS scrips was directed to be maintained for three months.
Relaxation was sought for utilisation of SFIS scrips in relation to inbound tour operations, including extension of time, monetisation, use for IGST or BSD payment, or transfer to other eligible persons. The matter was disposed of by directing the respondents to consider the pending representations and take a decision within two months. Status quo on the validity of the SFIS scrips was directed to be maintained for three months.
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