Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
Transfer pricing adjustment on equity broking services (non-DVP segment/CH settlement) rejected due to negligible difference of 0.01% after considering cost adjustment for sales and marketing function. Port fee charges paid allowed at cost plus 25% markup as per agreement. No adjustment required for administrative support services provided to AE as margin exceeded arm's length price. Addition for brokerage on program trades disallowed as direct third-party transactions without benefitting AEs. Disallowance u/s 14A restricted to assessee's suo motu disallowance due to inapplicability of Rule 8D and availability of surplus interest-free funds. Transfer pricing adjustment on equity broking services (non-DVP/CH segment) remitted for recomputation considering 0.41% as arm's length price after allowing adjustment for sales and marketing function. Disallowance of interest expenses rejected due to availability of sufficient interest-free funds as per Supreme Court decision.
Transfer pricing adjustment on equity broking services (non-DVP segment/CH settlement) rejected due to negligible difference of 0.01% after considering cost adjustment for sales and marketing function. Port fee charges paid allowed at cost plus 25% markup as per agreement. No adjustment required for administrative support services provided to AE as margin exceeded arm's length price. Addition for brokerage on program trades disallowed as direct third-party transactions without benefitting AEs. Disallowance u/s 14A restricted to assessee's suo motu disallowance due to inapplicability of Rule 8D and availability of surplus interest-free funds. Transfer pricing adjustment on equity broking services (non-DVP/CH segment) remitted for recomputation considering 0.41% as arm's length price after allowing adjustment for sales and marketing function. Disallowance of interest expenses rejected due to availability of sufficient interest-free funds as per Supreme Court decision.
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