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...
Reference to Departmental valuation officer [DVO] without first rejecting the books of accounts - The Court reiterated the importance of rejecting the books of accounts before referring the matter to the valuation officer. It found that the Tribunal had erred in not considering this crucial aspect, as affirmed by Supreme Court precedent. Consequently, the Court set aside the Tribunal's order and remitted the matter for fresh consideration, emphasizing the necessity of determining whether the books of accounts were rejected before making the reference to the valuation officer.
Reference to Departmental valuation officer [DVO] without first rejecting the books of accounts - The Court reiterated the importance of rejecting the books of accounts before referring the matter to the valuation officer. It found that the Tribunal had erred in not considering this crucial aspect, as affirmed by Supreme Court precedent. Consequently, the Court set aside the Tribunal's order and remitted the matter for fresh consideration, emphasizing the necessity of determining whether the books of accounts were rejected before making the reference to the valuation officer.
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