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...
HC granted bail to accused in GST fraud case involving unauthorized Input Tax Credit (ITC) passed through fictitious firms. The court considered material factors including filing of complaint, ongoing investigation status, and accused's custody period since November 2022. Given likelihood of prolonged trial duration, court deemed accused eligible for bail release. Release ordered upon furnishing personal bond with two local sureties subject to specified conditions. The ruling balanced prosecutorial interests with personal liberty, applying standard bail jurisprudence principles where continued detention appeared unwarranted given case circumstances.
HC granted bail to accused in GST fraud case involving unauthorized Input Tax Credit (ITC) passed through fictitious firms. The court considered material factors including filing of complaint, ongoing investigation status, and accused's custody period since November 2022. Given likelihood of prolonged trial duration, court deemed accused eligible for bail release. Release ordered upon furnishing personal bond with two local sureties subject to specified conditions. The ruling balanced prosecutorial interests with personal liberty, applying standard bail jurisprudence principles where continued detention appeared unwarranted given case circumstances.
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