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...
Corrugated board cleared independently without corrugated boxes is classified under Tariff Item 48191090, making it eligible for exemption under Notification No.04/2006-CE, Entry No.96E. Even if classified under 48191090, the goods are covered under the exemption notification. Alternatively, if the corrugated sheet is cleared without boxes, it is appropriately classifiable under 48081000, with the same rate of duty and exemption applicability as 48191010 during the relevant period. The adjudicating authority correctly classified the goods under 48081000 and dropped the demand raised in the show cause notice. The CESTAT upheld the impugned order, dismissing the Revenue's appeal.
Corrugated board cleared independently without corrugated boxes is classified under Tariff Item 48191090, making it eligible for exemption under Notification No.04/2006-CE, Entry No.96E. Even if classified under 48191090, the goods are covered under the exemption notification. Alternatively, if the corrugated sheet is cleared without boxes, it is appropriately classifiable under 48081000, with the same rate of duty and exemption applicability as 48191010 during the relevant period. The adjudicating authority correctly classified the goods under 48081000 and dropped the demand raised in the show cause notice. The CESTAT upheld the impugned order, dismissing the Revenue's appeal.
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