Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
ITAT directs selective inclusion and exclusion of comparables across multiple service segments. Key determinations include excluding Innovana Thinklabs Ltd. and K7 Computing Pvt Ltd due to limited risk profile, remanding certain comparables for detailed verification, and accepting specific companies like Sonata Information Technology Ltd and Akshay Software Technologies Ltd. The tribunal mandated working capital adjustments and proportionate margin computations, emphasizing functional similarity and segmental compatibility as primary criteria for comparable selection. The ruling instructs the Assessing Officer to comprehensively re-evaluate comparable companies using precise filtering parameters across software development, IT-enabled services, and training segments.
ITAT directs selective inclusion and exclusion of comparables across multiple service segments. Key determinations include excluding Innovana Thinklabs Ltd. and K7 Computing Pvt Ltd due to limited risk profile, remanding certain comparables for detailed verification, and accepting specific companies like Sonata Information Technology Ltd and Akshay Software Technologies Ltd. The tribunal mandated working capital adjustments and proportionate margin computations, emphasizing functional similarity and segmental compatibility as primary criteria for comparable selection. The ruling instructs the Assessing Officer to comprehensively re-evaluate comparable companies using precise filtering parameters across software development, IT-enabled services, and training segments.
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