Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Page of 4780
Press 'Enter' after typing page number.
261 to 280 of 95596 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Royalty paid for technical know-how may be benchmarked under the transactional net margin method where it is intrinsically linked to manufacturing operations and entity-level margins are arm's length. A domestic royalty rate is not automatically a comparable uncontrolled price for export sales without demonstrated comparability of terms, markets, volumes and business conditions. The notes also address the stringent functional comparability required for commission benchmarking, indexation and transfer-expense verification in capital gains, and appellate consideration of an additional industrial-shifting exemption claim. They further cover non-taxability of overseas commission absent an Indian business connection or permanent establishment, and the presumption that investments derive from own funds where such funds exceed investments.
Royalty paid for technical know-how may be benchmarked under the transactional net margin method where it is intrinsically linked to manufacturing operations and entity-level margins are arm's length. A domestic royalty rate is not automatically a comparable uncontrolled price for export sales without demonstrated comparability of terms, markets, volumes and business conditions. The notes also address the stringent functional comparability required for commission benchmarking, indexation and transfer-expense verification in capital gains, and appellate consideration of an additional industrial-shifting exemption claim. They further cover non-taxability of overseas commission absent an Indian business connection or permanent establishment, and the presumption that investments derive from own funds where such funds exceed investments.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4780
Join Channel
TaxTMI 
