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...
Finalization of the provisional assessment - The High Court emphasized the need for expeditious conclusion of internal processes, particularly when all required documents were submitted by the petitioners. The failure to issue specific communications to the petitioners regarding any further requirements or compliances, coupled with the decision not to finalize the bills of entries, amounted to arbitrariness and abdication of duties by the concerned officers. In light of the above, the High Court directed the respondent to finalize the bills of entries within four weeks from the date of the judgment.
Finalization of the provisional assessment - The High Court emphasized the need for expeditious conclusion of internal processes, particularly when all required documents were submitted by the petitioners. The failure to issue specific communications to the petitioners regarding any further requirements or compliances, coupled with the decision not to finalize the bills of entries, amounted to arbitrariness and abdication of duties by the concerned officers. In light of the above, the High Court directed the respondent to finalize the bills of entries within four weeks from the date of the judgment.
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