Independent manufacturing undertaking eligibility preserves Section 80IA/80IB deductions, while machinery kept ready for use qualifies for depreciatio...
Assessing Officer Satisfaction Requirement Bars Penalty for Cash Receipt in Immovable-Property Sale Cases Where Initiation Lacks Recorded Satisfaction...
Self-assessed import entries remain appealable, while bona fide classification disputes without misdeclaration cannot justify confiscation or penaltie...
Actual-user customs exemption conditions permit turnkey project transfers when imported windmill components are exclusively used for installation and ...
Customs offence disqualification excludes civil contraventions, preventing refusal of a private bonded warehouse licence based solely on monetary pena...
Transfer-pricing analysis of spare replacement services depends on the entity's actual functions rather than its formal designation. A business that merely supplies and holds spares under an associated enterprise's directions, without control over customers or resale prices, is characterised as a captive service provider rather than a trader. That functional characterisation supports use of the transactional net margin method with appropriate comparables to determine arm's length price, instead of the resale price method. The discussion addresses the distinction between TNMM and RPM where resale functions and pricing control are absent.
Transfer-pricing analysis of spare replacement services depends on the entity's actual functions rather than its formal designation. A business that merely supplies and holds spares under an associated enterprise's directions, without control over customers or resale prices, is characterised as a captive service provider rather than a trader. That functional characterisation supports use of the transactional net margin method with appropriate comparables to determine arm's length price, instead of the resale price method. The discussion addresses the distinction between TNMM and RPM where resale functions and pricing control are absent.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4881 
