Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
Valuation of export goods - confectionary spare parts - rejection of declared value - There is no huge difference amongst the three values supplied by the 3 different chartered engineers. On this ground alone, the value arrived by the chartered engineer is to be rejected - No other evidence has been brought on record by the Revenue with regard to the value of export consignment. In that circumstance, the value of export consignment cannot be rejected. - AT
Valuation of export goods - confectionary spare parts - rejection of declared value - There is no huge difference amongst the three values supplied by the 3 different chartered engineers. On this ground alone, the value arrived by the chartered engineer is to be rejected - No other evidence has been brought on record by the Revenue with regard to the value of export consignment. In that circumstance, the value of export consignment cannot be rejected. - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4921 
