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...
DGFT has ordered a review of wheat flour and related product export quotas already allocated under earlier public notices, and exporters must submit utilisation certificates, shipping bill details, and any request for additional or surrendered quantity with justification and supporting contracts or purchase orders by 10 July 2026. Requests for additional quantity filed only outside the portal, without the required documents, or after the deadline will be rejected. Allocations with more than 50% utilisation may be considered for further re-allocation, while allocations with less than 50% utilisation may be moved to the common pool unless valid export contracts or purchase orders are produced. Non-submission may lead to reallocation of unutilised quota and restriction on future authorisations.
DGFT has ordered a review of wheat flour and related product export quotas already allocated under earlier public notices, and exporters must submit utilisation certificates, shipping bill details, and any request for additional or surrendered quantity with justification and supporting contracts or purchase orders by 10 July 2026. Requests for additional quantity filed only outside the portal, without the required documents, or after the deadline will be rejected. Allocations with more than 50% utilisation may be considered for further re-allocation, while allocations with less than 50% utilisation may be moved to the common pool unless valid export contracts or purchase orders are produced. Non-submission may lead to reallocation of unutilised quota and restriction on future authorisations.
Note: It is a system-generated summary and is for quick reference only.
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