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...
Psyllium seeds (Isabgol) supplied as raw material to processing units fall under tariff sub-heading 1211 90 13, as the tariff entry and HSN Notes specifically cover Psyllium seeds. Exemption for fresh or chilled goods depends on the condition of the seeds at the time of supply. Storage in dry, ventilated godowns, without information on storage duration, gives the seeds a dried character; they therefore cannot be treated as fresh or chilled. The specific exemption for fresh or chilled goods and the alternative exemption for goods of seed quality are unavailable. Dried Psyllium seeds are liable to GST at 5%.
Psyllium seeds (Isabgol) supplied as raw material to processing units fall under tariff sub-heading 1211 90 13, as the tariff entry and HSN Notes specifically cover Psyllium seeds. Exemption for fresh or chilled goods depends on the condition of the seeds at the time of supply. Storage in dry, ventilated godowns, without information on storage duration, gives the seeds a dried character; they therefore cannot be treated as fresh or chilled. The specific exemption for fresh or chilled goods and the alternative exemption for goods of seed quality are unavailable. Dried Psyllium seeds are liable to GST at 5%.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
