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...
Petitioner was in jail custody from February 3, 2022, to July 30, 2023. Show-cause for cancellation of registration was issued on July 27, 2023, and order of cancellation was passed on August 23, 2022, without petitioner's opportunity to respond or apply for revocation. Petitioner was released on July 20, 2023, after acquittal and preferred an appeal. HC set aside the cancellation order dated August 23, 2022, and appellate order dated March 13, 2024, subject to petitioner filing returns for default period and paying tax, interest, fine, late fees, and penalty, if not already paid. Petition disposed of.
Petitioner was in jail custody from February 3, 2022, to July 30, 2023. Show-cause for cancellation of registration was issued on July 27, 2023, and order of cancellation was passed on August 23, 2022, without petitioner's opportunity to respond or apply for revocation. Petitioner was released on July 20, 2023, after acquittal and preferred an appeal. HC set aside the cancellation order dated August 23, 2022, and appellate order dated March 13, 2024, subject to petitioner filing returns for default period and paying tax, interest, fine, late fees, and penalty, if not already paid. Petition disposed of.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4798
Join Channel
TaxTMI 
