Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
The Appellate Tribunal addressed three main issues raised by the Assessee against the assessment order. Firstly, regarding the disallowance of job work charges to a sister concern, the Tribunal found that the authorities failed to conduct a comparative study, leading to the deletion of the disallowance. Secondly, the adhoc disallowance on job work charges was deemed unjustified due to lack of evidence supporting the Assessing Officer's decision, resulting in its deletion. Finally, the addition of duty drawback incentive was dismissed as the Assessee was not aggrieved by the issue and relief was already provided by the CIT(A).
The Appellate Tribunal addressed three main issues raised by the Assessee against the assessment order. Firstly, regarding the disallowance of job work charges to a sister concern, the Tribunal found that the authorities failed to conduct a comparative study, leading to the deletion of the disallowance. Secondly, the adhoc disallowance on job work charges was deemed unjustified due to lack of evidence supporting the Assessing Officer's decision, resulting in its deletion. Finally, the addition of duty drawback incentive was dismissed as the Assessee was not aggrieved by the issue and relief was already provided by the CIT(A).
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