Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Taxable value determination for reseller agreement - repatriated amount after deducting profit margin and costs incurred in reselling IT-enabled services not correct value u/s 67. Appellants incurred expenses offset and reimbursed by principal supplying services. Price at import could not be determined, linked to price realized from Indian customer. Gross value charged to customer basis for computing principal's price, cannot exclude reimbursable expenses under reverse charge mechanism provisions treating appellants as service providers. Section 67 applicable. Extended period limitation and penalty - revenue neutrality not available as defense, show cause notices within normal period. Appellate orders on including operating/marketing expenses in gross value and de novo proceedings on extended period invocation and penalty imposition correct. Appeal dismissed.
Taxable value determination for reseller agreement - repatriated amount after deducting profit margin and costs incurred in reselling IT-enabled services not correct value u/s 67. Appellants incurred expenses offset and reimbursed by principal supplying services. Price at import could not be determined, linked to price realized from Indian customer. Gross value charged to customer basis for computing principal's price, cannot exclude reimbursable expenses under reverse charge mechanism provisions treating appellants as service providers. Section 67 applicable. Extended period limitation and penalty - revenue neutrality not available as defense, show cause notices within normal period. Appellate orders on including operating/marketing expenses in gross value and de novo proceedings on extended period invocation and penalty imposition correct. Appeal dismissed.
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TaxTMI 
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