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...
The assessee, a software solution provider, contested various transfer pricing adjustments and disallowances. Key points: Certain comparables were directed to be excluded due to functional differences, size incomparability, and segmental data differences. Economic/working capital adjustment was allowed following precedents. Disallowance u/s 14A read with Rule 8D was partly remitted for re-verification of interest-free funds and nexus with exempt income. Computation of deduction u/s 10A regarding exclusion of foreign currency expenditure and non-exclusion of delayed foreign remittances was restored for re-examination. The levy of interest u/s 234D was remitted for re-verification of refund status.
The assessee, a software solution provider, contested various transfer pricing adjustments and disallowances. Key points: Certain comparables were directed to be excluded due to functional differences, size incomparability, and segmental data differences. Economic/working capital adjustment was allowed following precedents. Disallowance u/s 14A read with Rule 8D was partly remitted for re-verification of interest-free funds and nexus with exempt income. Computation of deduction u/s 10A regarding exclusion of foreign currency expenditure and non-exclusion of delayed foreign remittances was restored for re-examination. The levy of interest u/s 234D was remitted for re-verification of refund status.
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