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Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
HC quashed show cause notice (SCN) issued by DGFT under FTDR Act regarding alleged misuse of Foreign Trade Policy benefits. Court found SCN merely restated previous allegations about Service From India Scheme (SFIS) compliance without new substantive claims, violating principles established in earlier Division Bench judgment. Applying res judicata, court determined SCN was an improper attempt to circumvent previous quashing of recovery notices. SCN deemed arbitrary and unreasonable for attempting to reopen settled matters. Petition disposed of in favor of petitioner, preventing DGFT from pursuing duplicate enforcement action.
HC quashed show cause notice (SCN) issued by DGFT under FTDR Act regarding alleged misuse of Foreign Trade Policy benefits. Court found SCN merely restated previous allegations about Service From India Scheme (SFIS) compliance without new substantive claims, violating principles established in earlier Division Bench judgment. Applying res judicata, court determined SCN was an improper attempt to circumvent previous quashing of recovery notices. SCN deemed arbitrary and unreasonable for attempting to reopen settled matters. Petition disposed of in favor of petitioner, preventing DGFT from pursuing duplicate enforcement action.
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