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 dismissed the petition challenging GST Tribunal appointment notification. The court held that relaxation of eligibility criteria under Section 110(d) is permissible only for State Government officers who have not completed 25 years of service, and does not extend to All-India Service officers. The petitioner's contention that the notification was premature or ultra vires was rejected, with the court noting that identical relaxations had been granted in ten other States. The notification was found to be legally valid, and the petition was dismissed without merit.
HC dismissed the petition challenging GST Tribunal appointment notification. The court held that relaxation of eligibility criteria under Section 110(d) is permissible only for State Government officers who have not completed 25 years of service, and does not extend to All-India Service officers. The petitioner's contention that the notification was premature or ultra vires was rejected, with the court noting that identical relaxations had been granted in ten other States. The notification was found to be legally valid, and the petition was dismissed without merit.
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