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...
Valuation of imported goods (Float Glass Sheets) - Transaction value - The Tribunal scrutinized the evidence provided by the Department and found it lacking in credibility. The imports cited for comparison were not sufficiently similar to the appellant's imports, both in terms of timing and product specifications. Additionally, the absence of conversion of prices from dollars to rupees further undermined the validity of the comparison. Consequently, the impugned order was set aside, and the appeal was allowed with consequential relief, if any, as per law.
Valuation of imported goods (Float Glass Sheets) - Transaction value - The Tribunal scrutinized the evidence provided by the Department and found it lacking in credibility. The imports cited for comparison were not sufficiently similar to the appellant's imports, both in terms of timing and product specifications. Additionally, the absence of conversion of prices from dollars to rupees further undermined the validity of the comparison. Consequently, the impugned order was set aside, and the appeal was allowed with consequential relief, if any, as per law.
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