Additional evidence in departmental appeals may include show-cause-notice material without introducing a new case where it merely corroborates existin...
Reasoned rectification orders require consideration of expenditure disclosed in income-tax returns, preventing revision based on incomplete income com...
Modified returns after business reorganisations cannot trigger fresh scrutiny once the original assessment was complete, invalidating related transfer...
Third-party loose sheets require reliable nexus before supporting unexplained expenditure additions; presumptions do not establish payer identity or o...
TNMM comparability using audited accounts and working-capital adjustments can eliminate unwarranted transfer-pricing additions where verified margins ...
Gross-profit additions on disputed purchases require reasoned appellate determination; disclosed claims alone do not support inaccurate-particulars pe...
Limitation after transfer-pricing remand: fresh TPO reference did not extend the assessment deadline, rendering the consequential assessment time-barr...
Interim judicial restraint on tax deduction prevents default, while supporting reasonable cause and penalty deletion for foreign-leg LFC reimbursement...
Customs assayer and valuer empanelment is prescribed for gold, silver, jewellery, precious or synthetic stones, and other valuable articles involved in import, export, seizure or confiscation. Eligible applicants generally require relevant qualifications, valuation experience, supporting references, industry knowledge and a clean professional record, subject to selection-panel discretion. Appointed valuers must be available when required, assist with metal extraction, issue certificates and reports, maintain records, give evidence when called, and comply with prescribed fee limits. They must act independently, avoid conflicts of interest, preserve confidentiality and exercise due care. Wrong valuation, negligence, misconduct or non-disclosure may result in cancellation, removal from the panel and legal action.
Customs assayer and valuer empanelment is prescribed for gold, silver, jewellery, precious or synthetic stones, and other valuable articles involved in import, export, seizure or confiscation. Eligible applicants generally require relevant qualifications, valuation experience, supporting references, industry knowledge and a clean professional record, subject to selection-panel discretion. Appointed valuers must be available when required, assist with metal extraction, issue certificates and reports, maintain records, give evidence when called, and comply with prescribed fee limits. They must act independently, avoid conflicts of interest, preserve confidentiality and exercise due care. Wrong valuation, negligence, misconduct or non-disclosure may result in cancellation, removal from the panel and legal action.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4894 
