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...
Demand of customs duty based on mis-declaration of weight of imported rough A marble blocks - The Tribunal observed that, it is found that the department established a case of excess weight based on documents maintained by the Customs House Agent (CHA). However, the appellants argue that the difference in weight is due to trade practices and irregular shapes of blocks, resulting in greater waste content. - Consequently, considering the lack of evidence from the department demonstrating the disposal of the alleged excess goods, CESTAT held that the demand for customs duty cannot be sustained.
Demand of customs duty based on mis-declaration of weight of imported rough A marble blocks - The Tribunal observed that, it is found that the department established a case of excess weight based on documents maintained by the Customs House Agent (CHA). However, the appellants argue that the difference in weight is due to trade practices and irregular shapes of blocks, resulting in greater waste content. - Consequently, considering the lack of evidence from the department demonstrating the disposal of the alleged excess goods, CESTAT held that the demand for customs duty cannot be sustained.
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