Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
Revocation of ADD imposed on Purified Terephthalic Acid (PTA) - Absence of any recommendation by the Designated Authority (DA) - Sunset review - exported from the People’s Republic of China, Iran, Indonesia, Malaysia, Taiwan, Korea RP and Thailand - The court noted that the revocation of ADD should have been preceded by a review process that assesses the continued need for such duties. The unilateral revocation by the government, bypassing this review, was not in compliance with the stipulated legal frameworks. - The court recognized the need to balance the interests of the domestic manufacturers and the downstream users. However, it stressed that any change in ADD, especially its revocation, must follow the legal procedures to ensure fairness and adherence to trade laws.
Revocation of ADD imposed on Purified Terephthalic Acid (PTA) - Absence of any recommendation by the Designated Authority (DA) - Sunset review - exported from the People’s Republic of China, Iran, Indonesia, Malaysia, Taiwan, Korea RP and Thailand - The court noted that the revocation of ADD should have been preceded by a review process that assesses the continued need for such duties. The unilateral revocation by the government, bypassing this review, was not in compliance with the stipulated legal frameworks. - The court recognized the need to balance the interests of the domestic manufacturers and the downstream users. However, it stressed that any change in ADD, especially its revocation, must follow the legal procedures to ensure fairness and adherence to trade laws.
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