Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
Service of SCN - plea of not having accessed the Portal for long period - Notices and orders were uploaded under the “View Additional Notices and Orders” tab - The primary issues were the non-traceability of demand on the GST portal, errors in ITC reporting, and the implications of the Reverse Charge Mechanism. The High Court recognized the potential confusion caused by the redesign of the GST portal, which led to the petitioner missing crucial notices. In the interest of justice, the court quashed the impugned order, provided the petitioner pays 10% of the disputed amount, and instructed the Assessing Officer to re-assess the case after giving the petitioner a fair opportunity to present his case.
Service of SCN - plea of not having accessed the Portal for long period - Notices and orders were uploaded under the “View Additional Notices and Orders” tab - The primary issues were the non-traceability of demand on the GST portal, errors in ITC reporting, and the implications of the Reverse Charge Mechanism. The High Court recognized the potential confusion caused by the redesign of the GST portal, which led to the petitioner missing crucial notices. In the interest of justice, the court quashed the impugned order, provided the petitioner pays 10% of the disputed amount, and instructed the Assessing Officer to re-assess the case after giving the petitioner a fair opportunity to present his case.
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