Jurisdictional sanction requirements bar reassessment when approval comes from an authority lacking statutory competence under the applicable framewor...
Recorded sales receipts cannot be reassessed as unexplained cash credits, eliminating the basis for consequential alleged commission expenditure addit...
Sufficient cause for delayed income-tax appeals requires bona fide diligence; unsubstantiated counsel illness and assessee inaction defeat condonation...
TNMM Segmentation Limits Transfer-Pricing Adjustments to Associated-Enterprise Transactions and Requires Turnover-Based Comparable Selection for IT Se...
Internal TNMM supports deletion of freight-forwarding adjustments where comparable non-AE transactions are separately identifiable and materially simi...
Interim suspension of a customs carrier's operations pending a contemplated regulatory inquiry may be unwarranted where prima facie review indicates non-compliance with prescribed inquiry timelines. The High Court stayed the suspension order and consequential public notice pending appeal. Any ongoing inquiry must proceed independently, be determined on its own merits, and comply with law.
Interim suspension of a customs carrier's operations pending a contemplated regulatory inquiry may be unwarranted where prima facie review indicates non-compliance with prescribed inquiry timelines. The High Court stayed the suspension order and consequential public notice pending appeal. Any ongoing inquiry must proceed independently, be determined on its own merits, and comply with law.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
