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...
Proceedings u/s.144 - NFAC has noted the assessee’s continuous non-appearance in the lower appellate proceedings before rejecting his contentions vide ex-parte order under challenge - The ITAT observed that the NFAC's order did not address the substantive grounds raised by the assessee on merits, as mandated by section 250(6) of the Act. Consequently, the court deemed it appropriate to restore the appeal back to the NFAC for fresh adjudication, with a directive for a detailed discussion on the merits of the assessee's contentions.
Proceedings u/s.144 - NFAC has noted the assessee’s continuous non-appearance in the lower appellate proceedings before rejecting his contentions vide ex-parte order under challenge - The ITAT observed that the NFAC's order did not address the substantive grounds raised by the assessee on merits, as mandated by section 250(6) of the Act. Consequently, the court deemed it appropriate to restore the appeal back to the NFAC for fresh adjudication, with a directive for a detailed discussion on the merits of the assessee's contentions.
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