Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
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...
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Settlement Commission's order rejecting exemption u/s 54 on cash portion invested in purchasing property after sale of another property was invalid. Section 54 does not require disclosure of cash sale consideration while claiming exemption. Undisclosed income does not preclude Section 54 exemption if reinvestment is proved. Cash transactions for sale and purchase were established from seized materials. Grounds for denial were contrary to Section 54 provisions. High Court exercised judicial review, quashed denial of Section 54 exemption on cash portion, and decided in assessee's favor.
Settlement Commission's order rejecting exemption u/s 54 on cash portion invested in purchasing property after sale of another property was invalid. Section 54 does not require disclosure of cash sale consideration while claiming exemption. Undisclosed income does not preclude Section 54 exemption if reinvestment is proved. Cash transactions for sale and purchase were established from seized materials. Grounds for denial were contrary to Section 54 provisions. High Court exercised judicial review, quashed denial of Section 54 exemption on cash portion, and decided in assessee's favor.
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