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 permitted petitioner to seek revocation of GST registration cancellation that occurred due to prolonged non-filing of returns. Petitioner expressed willingness to clear outstanding GST dues and penalties. Following precedent established in earlier matter, court allowed petitioner two weeks to file revocation application under Section 30(2) of CGST Act, 2017. Court disposed of petition based on mutual agreement between parties, directing that cancellation order's revocation be pursued through statutory remedy available under GST framework rather than through judicial intervention.
HC permitted petitioner to seek revocation of GST registration cancellation that occurred due to prolonged non-filing of returns. Petitioner expressed willingness to clear outstanding GST dues and penalties. Following precedent established in earlier matter, court allowed petitioner two weeks to file revocation application under Section 30(2) of CGST Act, 2017. Court disposed of petition based on mutual agreement between parties, directing that cancellation order's revocation be pursued through statutory remedy available under GST framework rather than through judicial intervention.
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