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...
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...
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Para 2.50A of the Handbook of Procedures, 2023 establishes a process for determining whether imported goods were produced wholly or partly using forced labour. DGFT may initiate an enquiry on its own motion or on credible information or a supported complaint, obtain information from importers, exporters, manufacturers and other persons, and consult government bodies, stakeholders, international organisations and expert bodies. After completing the enquiry, DGFT must prepare findings and may recommend that the Central Government prohibit imports of goods found to involve forced labour under the foreign trade framework.
Para 2.50A of the Handbook of Procedures, 2023 establishes a process for determining whether imported goods were produced wholly or partly using forced labour. DGFT may initiate an enquiry on its own motion or on credible information or a supported complaint, obtain information from importers, exporters, manufacturers and other persons, and consult government bodies, stakeholders, international organisations and expert bodies. After completing the enquiry, DGFT must prepare findings and may recommend that the Central Government prohibit imports of goods found to involve forced labour under the foreign trade framework.
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