Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
Page of 4828
Press 'Enter' after typing page number.
161 to 180 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
CESTAT set aside the impugned order concerning undervaluation of imported goods, finding it vitiated by arbitrariness. The tribunal determined that proper authorities failed to comply with the two-step verification and examination exercise mandated by the Supreme Court in Century Metal Recycling. Revenue authorities did not follow the procedure under Rule 12(2) of CVR, 2007, and improperly relied solely on statement declarations to establish transaction value. Additionally, appellant's request for cross-examination was denied, raising procedural fairness concerns. CESTAT held that Rule 9 cannot be interpreted in violation of Section 14 of the Customs Act, as rules remain subservient to the parent Act. Appeal disposed of accordingly.
CESTAT set aside the impugned order concerning undervaluation of imported goods, finding it vitiated by arbitrariness. The tribunal determined that proper authorities failed to comply with the two-step verification and examination exercise mandated by the Supreme Court in Century Metal Recycling. Revenue authorities did not follow the procedure under Rule 12(2) of CVR, 2007, and improperly relied solely on statement declarations to establish transaction value. Additionally, appellant's request for cross-examination was denied, raising procedural fairness concerns. CESTAT held that Rule 9 cannot be interpreted in violation of Section 14 of the Customs Act, as rules remain subservient to the parent Act. Appeal disposed of accordingly.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
