Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking me...
Revisionary jurisdiction cannot reopen share capital assessments where adequate inquiry supports a permissible view and no independent error is establ...
Reassessment jurisdiction fails where unverified portal information is aggregated without examining the taxpayer's explanation or relevance of entries...
Statutory sanction for delayed reassessment requires approval from the prescribed authority; approval by an inferior authority invalidates jurisdictio...
Transfer pricing margin adjustments require matching treatment of non-operating income and related costs, with comparability issues reconsidered on ev...
Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
Revocation of suspension of the Customs Broker Licence - The broker was initially accused of failing to advise proper classification of imported goods. However, the inquiry found that the broker classified goods as per importer's directions and existing practice, not independently. The CESTAT upheld the Commissioner's decision, agreeing there was no violation of Customs Brokers Licensing Regulations by the broker, and noted the classification was ultimately accepted by judicial authorities. - AT
Revocation of suspension of the Customs Broker Licence - The broker was initially accused of failing to advise proper classification of imported goods. However, the inquiry found that the broker classified goods as per importer's directions and existing practice, not independently. The CESTAT upheld the Commissioner's decision, agreeing there was no violation of Customs Brokers Licensing Regulations by the broker, and noted the classification was ultimately accepted by judicial authorities. - AT
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