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...
The Principal Commissioner of Customs in Visakhapatnam issued a notice regarding the seizure of 209,400 sticks of foreign-origin cigarettes (PARIS and ESSE lights brands) at Visakhapatnam Railway Station on 13.03.2024 and 15.03.2024. The cigarettes, offloaded from Samatha Express and Swarna Jayanti Express trains, were seized u/s 110 of the Customs Act, 1962, on the reasonable belief of being liable for confiscation u/s 111. The seized goods were booked to Shri Nalluri Panduranga from New Delhi to Visakhapatnam. As the goods are perishable, the Customs department notified their intention to dispose of them by destruction or other means per the Disposal Manual, 2019. Shri Nalluri Panduranga or any other claimant was given 10 days to submit a reply with supporting documents, failing which the goods would be disposed of without further notice.
The Principal Commissioner of Customs in Visakhapatnam issued a notice regarding the seizure of 209,400 sticks of foreign-origin cigarettes (PARIS and ESSE lights brands) at Visakhapatnam Railway Station on 13.03.2024 and 15.03.2024. The cigarettes, offloaded from Samatha Express and Swarna Jayanti Express trains, were seized u/s 110 of the Customs Act, 1962, on the reasonable belief of being liable for confiscation u/s 111. The seized goods were booked to Shri Nalluri Panduranga from New Delhi to Visakhapatnam. As the goods are perishable, the Customs department notified their intention to dispose of them by destruction or other means per the Disposal Manual, 2019. Shri Nalluri Panduranga or any other claimant was given 10 days to submit a reply with supporting documents, failing which the goods would be disposed of without further notice.
Note: It is a system-generated summary and is for quick reference only.