Provisional attachment fails without material showing likely concealment, transfer, or dealing that could frustrate confiscation of mortgaged property...
Works-contract goods transfers remain outside service tax, while qualifying lift irrigation works receive exemption and extended limitation cannot app...
Customs assessment information portal centralises rulings and guidance to promote consistent classification, valuation, transparency and informed comp...
Composite show-cause notices spanning multiple financial years are jurisdictionally invalid, allowing writ review despite an alternative appellate rem...
AE segmental benchmarking under TNMM requires consideration of segmental results included in the transfer-pricing study and certified information furnished before completion of the transfer-pricing assessment. Neither the Act nor the Rules requires audited segmental accounts; where the AE-segment margin falls within the arm's-length range of selected comparables, rejection on conjectural grounds is unwarranted and the related adjustment is deleted. Ind AS presentation of part of compulsorily convertible debentures as equity does not change their underlying debt character before actual conversion or redemption. Interest remains deductible in principle, subject to verification that no conversion or redemption occurred during the relevant year.
AE segmental benchmarking under TNMM requires consideration of segmental results included in the transfer-pricing study and certified information furnished before completion of the transfer-pricing assessment. Neither the Act nor the Rules requires audited segmental accounts; where the AE-segment margin falls within the arm's-length range of selected comparables, rejection on conjectural grounds is unwarranted and the related adjustment is deleted. Ind AS presentation of part of compulsorily convertible debentures as equity does not change their underlying debt character before actual conversion or redemption. Interest remains deductible in principle, subject to verification that no conversion or redemption occurred during the relevant year.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4884 
