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...
Valuation of imported goods - electronic goods including branded and non - The tribunal held that the adjudicating authority and the Commissioner (Appeals) failed to provide cogent reasons and evidence for rejecting the declared transaction value. - The tribunal enhancement of value based solely on NIDB data without additional evidence or proper analysis was erroneous. - The CESTAT further held that, there no evidence of misdeclaration or undervaluation by the appellant. - Rejection of value declared on a Bill of Entry is a serious action that should be supported by compelling provision, evidence and justifiable reasons.
Valuation of imported goods - electronic goods including branded and non - The tribunal held that the adjudicating authority and the Commissioner (Appeals) failed to provide cogent reasons and evidence for rejecting the declared transaction value. - The tribunal enhancement of value based solely on NIDB data without additional evidence or proper analysis was erroneous. - The CESTAT further held that, there no evidence of misdeclaration or undervaluation by the appellant. - Rejection of value declared on a Bill of Entry is a serious action that should be supported by compelling provision, evidence and justifiable reasons.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
