Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
Customs valuation and classification require comparable evidence and assessment of imported goods in their actual condition, invalidating related pena...
HC allowed petition challenging appellate order under Section 107 of 2017 Act, finding that Appellate Authority failed to judiciously exercise discretionary power regarding delay condonation. Petitioner demonstrated sufficient cause for 3-day delay in filing appeal, citing Managing Director's travel. The delay fell within condonable period under Section 107(4). Authority erred by not examining whether delay was condonable and if sufficient cause existed. HC condoned delay, noting it was within prescribed statutory period and backed by reasonable justification. Matter remanded to Appellate Authority for consideration on merits.
HC allowed petition challenging appellate order under Section 107 of 2017 Act, finding that Appellate Authority failed to judiciously exercise discretionary power regarding delay condonation. Petitioner demonstrated sufficient cause for 3-day delay in filing appeal, citing Managing Director's travel. The delay fell within condonable period under Section 107(4). Authority erred by not examining whether delay was condonable and if sufficient cause existed. HC condoned delay, noting it was within prescribed statutory period and backed by reasonable justification. Matter remanded to Appellate Authority for consideration on merits.
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