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...
CENVAT credit - capital goods installed in the distillery plant used for manufacture of Ethyl Alcohol - The CESTAT ruled in favor of the appellant, emphasizing that Cenvat credit cannot be denied on capital goods based on the stage at which the final goods become liable to central excise duty. - Regarding the eligibility of Cenvat credit on input services used in setting up the distillery plant post-April 1, 2011, the tribunal held that such services qualify as input services under the Cenvat Credit Rules, 2004.
CENVAT credit - capital goods installed in the distillery plant used for manufacture of Ethyl Alcohol - The CESTAT ruled in favor of the appellant, emphasizing that Cenvat credit cannot be denied on capital goods based on the stage at which the final goods become liable to central excise duty. - Regarding the eligibility of Cenvat credit on input services used in setting up the distillery plant post-April 1, 2011, the tribunal held that such services qualify as input services under the Cenvat Credit Rules, 2004.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
