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...
The AAR determined that tapioca flour derived from dried tapioca root remnants is classified under Chapter heading 23031000, attracting 5% GST. The product, deemed unfit for human consumption and primarily used as livestock feed, was correctly categorized as "Residues of starch manufacture and similar residues". The ruling, based on the applicant's submitted facts, rejected the rectification application under Section 98(2) of CGST/TNGST Acts, 2017, finding no procedural errors in the original advance ruling.
The AAR determined that tapioca flour derived from dried tapioca root remnants is classified under Chapter heading 23031000, attracting 5% GST. The product, deemed unfit for human consumption and primarily used as livestock feed, was correctly categorized as "Residues of starch manufacture and similar residues". The ruling, based on the applicant's submitted facts, rejected the rectification application under Section 98(2) of CGST/TNGST Acts, 2017, finding no procedural errors in the original advance ruling.
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