Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking me...
Revisionary jurisdiction cannot reopen share capital assessments where adequate inquiry supports a permissible view and no independent error is establ...
Reassessment jurisdiction fails where unverified portal information is aggregated without examining the taxpayer's explanation or relevance of entries...
Statutory sanction for delayed reassessment requires approval from the prescribed authority; approval by an inferior authority invalidates jurisdictio...
Transfer pricing margin adjustments require matching treatment of non-operating income and related costs, with comparability issues reconsidered on ev...
Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
The case involves a dispute regarding the waiver of Rural Development Cess (RDC) for Assessment Year 2002-03. The petitioner sought installment payment for Rs. 66,269 tax under AP GST Act, but the court stated it cannot order installment payment. Regarding RDC of Rs. 3,00,514, petitioner claimed exemption based on government orders, but respondent argued against it, stating petitioner already collected RDC from FCI. Court agreed with respondent, emphasizing that granting exemption would lead to undue enrichment. Petitioner's failure to challenge the claim led to dismissal of the writ petition.
The case involves a dispute regarding the waiver of Rural Development Cess (RDC) for Assessment Year 2002-03. The petitioner sought installment payment for Rs. 66,269 tax under AP GST Act, but the court stated it cannot order installment payment. Regarding RDC of Rs. 3,00,514, petitioner claimed exemption based on government orders, but respondent argued against it, stating petitioner already collected RDC from FCI. Court agreed with respondent, emphasizing that granting exemption would lead to undue enrichment. Petitioner's failure to challenge the claim led to dismissal of the writ petition.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4796
Join Channel
TaxTMI 
