Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Transfer Pricing Adjustments - downward adjustment made by the TPO and enhanced by the CIT(A) - adoption of the Transactional Net Margin Method (TNMM) over other methods - import of capital goods from AE - The tribunal overturned the TPO's and CIT(A)'s adjustments and methodologies, reinstating the appellant's method for benchmarking international transactions as compliant with the Income Tax Rules. It emphasized that the project cost approved by regulatory commissions and financed by specialized institutions validated the appellant's expenditure on imported capital goods.
Transfer Pricing Adjustments - downward adjustment made by the TPO and enhanced by the CIT(A) - adoption of the Transactional Net Margin Method (TNMM) over other methods - import of capital goods from AE - The tribunal overturned the TPO's and CIT(A)'s adjustments and methodologies, reinstating the appellant's method for benchmarking international transactions as compliant with the Income Tax Rules. It emphasized that the project cost approved by regulatory commissions and financed by specialized institutions validated the appellant's expenditure on imported capital goods.
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