Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
Levy of penalty - Smuggling - parts of wild animals - Prohibited goods or not - the Revenue failed to conclusively prove that the goods in question were prohibited items as alleged. The reliance on the visual examination by an inspector from the Forest Department, who was not an expert and whose opinion was uncertain and inconclusive, was deemed insufficient. The Tribunal noted the lack of a definitive conclusion or written opinion regarding the nature of the consignments. - AT
Levy of penalty - Smuggling - parts of wild animals - Prohibited goods or not - the Revenue failed to conclusively prove that the goods in question were prohibited items as alleged. The reliance on the visual examination by an inspector from the Forest Department, who was not an expert and whose opinion was uncertain and inconclusive, was deemed insufficient. The Tribunal noted the lack of a definitive conclusion or written opinion regarding the nature of the consignments. - AT
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