Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 Highlights - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Law:
---- All Laws----
  • ---- All Laws----
  • Income Tax
  • Direct Taxes
  • Benami Property
  • Central GST Laws
  • SGST - State GST Laws
  • Customs
  • FTP - Foreign Trade Policy
  • SEZ - Special Economic Zone
  • FEMA - Foreign Exchange Management
  • Companies Law
  • SEBI - Securities & Exchange Board of India
  • IBC - Insolvency and Bankruptcy
  • Law of Competition
  • PMLA - Money-Laundering
  • Indian Laws
  • Bill / Finance Bills
  • Wealth Tax
  • Service Tax
  • Central Excise
  • VAT / Sales Tax
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    Documentary proof of share transactions defeats penny stock-based additions absent specific evidence or cross-examination
    Transfer pricing on CCD interest: recharacterisation as equity rejected, and the nil arm's length adjustment deleted.
    Defective penalty notice and genuine sale transaction defeat section 271D cash receipt penalty before ITAT.
    Cost of acquisition in LTCG and seized cash adjustment led to recomputation of capital gains and deletion of interest.
    Head office expenditure and withholding tax rules: Tribunal remands section 44C issue, upholds disallowance and DTAA challenge fails.
    Transfer pricing comparables, working capital adjustment and receivables benchmarking ruled for software development services.
    Reassessment and successor liability upheld, but additions on investment sale proceeds deleted for lack of corroboration and denied cross-examination.
    CBDT circulars cannot override a possible view when concessionaire rights qualify as depreciable intangible assets.
    Substantial Government financing under section 10(23C)(iiiab) must be tested on current-year grants under Rule 2BBB.
    ERS/VRS compensation not taxable as profits in lieu of salary where payment was ex gratia on cessation of employment.
    Accrued interest under mercantile accounting taxed in the accrual year; reopening upheld on tangible material, not change of opinion.
    Third-party seized material needs corroboration; JDA-linked receipts cannot be taxed as income from other sources without transfer analysis.
    Tied-up government grant excluded from accumulation base for charitable trust exemption under section 11(1)(a)
    Unsigned penalty notice invalid where statutory signature requirement is mandatory and jurisdictional defect cannot be cured.
    Agricultural income exemption and unexplained investment issues remanded after failure to consider evidence and confront adverse material.
    SaaS product analytics receipts not taxable as royalty or FTS/FIS; ITAT deleted the addition and remitted TDS credit verification.
    Finality of SIT findings limits reopening, while prospective CITES import compliance directions strengthen future due diligence.
    Prospective operation of import restrictions: e-Gazette publication time controls, so pre-publication consignments remain under the earlier policy.
    Customs exemption upheld where substantive use condition was met despite failure to follow IGCR procedures.
    Circumstantial evidence in smuggling upheld penalty for misdeclared Ketamine export, but redemption fine was quashed.
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

Highlights
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries

Highlights

Back

All Highlights

Showing Results for :
Reset Filters
No Records Found

Highlights

Back

All Highlights

whatsapp Join Channel
Showing Results for : Reset Filters

The department challenged the transaction value declared by the...

Appeal Overturns Duty Demand; Case Remanded for Transaction Value Evidence Review by Original Authority.

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Customs November 22, 2024 Case Laws AT
The department challenged the transaction value declared by the respondents, enhancing the declared value and demanding differential duty. However, the Commissioner (Appeals) failed to analyze or make specific observations on the respondents' submissions regarding the contemporaneous prices relied upon by the department. Additionally, the queries raised by the department and the respondents' replies were not on record, making it impossible to conclude the grounds for doubting the declared transaction value and the respondents' defense. The orders of the Commissioner (Appeals) were not speaking orders and did not consider certain factual matrices bearing on the case's outcome. Consequently, the orders were set aside, and the matter was remanded to the Original Assessing/Adjudicating Authority, who will provide opportunities to the importer to produce evidence justifying the correctness of the declared transaction value in light of the department's queries.

Topics

Acts Income Tax