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 4782
Press 'Enter' after typing page number.
301 to 320 of 95636 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Transfer pricing adjustments for the manufacturing segment must...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability governs software service margins.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Transfer pricing adjustments for the manufacturing segment must be confined to associated-enterprise transactions and cannot be applied to total turnover. The reported decision also treats foreign exchange fluctuation on import purchases as operating cost, goodwill amortisation from an extraordinary acquisition as non-operating expenditure, and permits adjustment for materially higher non-cenvatable customs duty. For capacity utilisation, authorities must obtain unavailable comparable-company data directly and provide a hearing. Software comparables were selected or excluded based on functional similarity, product development, intangibles and segmental data. Royalty was treated as revenue expenditure, while a warranty provision based on historical experience was allowable.
Transfer pricing adjustments for the manufacturing segment must be confined to associated-enterprise transactions and cannot be applied to total turnover. The reported decision also treats foreign exchange fluctuation on import purchases as operating cost, goodwill amortisation from an extraordinary acquisition as non-operating expenditure, and permits adjustment for materially higher non-cenvatable customs duty. For capacity utilisation, authorities must obtain unavailable comparable-company data directly and provide a hearing. Software comparables were selected or excluded based on functional similarity, product development, intangibles and segmental data. Royalty was treated as revenue expenditure, while a warranty provision based on historical experience was allowable.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
