Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
TP Adjustment - The Appellate Tribunal considered the amendment made to the section, which specified domestic transactions exceeding a certain threshold. The Tribunal noted that the transactions in question were not international transactions and did not fall under the ambit of Section 92BA. Consequently, it deemed the upward adjustments made by the Assessing Officer invalid. - Delving into the effect of the omission of Section 92BA from the statute, the Tribunal cited legal principles indicating that when a provision is repealed, it should be considered as if it never existed. Therefore, the Tribunal reasoned that the decision made by the Assessing Officer based on Section 92BA was without jurisdiction and liable to be quashed.
TP Adjustment - The Appellate Tribunal considered the amendment made to the section, which specified domestic transactions exceeding a certain threshold. The Tribunal noted that the transactions in question were not international transactions and did not fall under the ambit of Section 92BA. Consequently, it deemed the upward adjustments made by the Assessing Officer invalid. - Delving into the effect of the omission of Section 92BA from the statute, the Tribunal cited legal principles indicating that when a provision is repealed, it should be considered as if it never existed. Therefore, the Tribunal reasoned that the decision made by the Assessing Officer based on Section 92BA was without jurisdiction and liable to be quashed.
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