Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
ITAT held that the final assessment order was void ab initio due to non-compliance with DRP directions under Section 144C(13). The tribunal found the Assessing Officer (AO) did not follow specific procedural requirements, rendering the assessment order invalid. Regarding intra-group services (IGS), the tribunal allowed the assessee's claim, determining that the payments were genuine, made without markup, and benchmarked appropriately. The tribunal emphasized that tax authorities cannot question expenses when transactions are legitimate and serve business purposes. The disallowance of intra-group service charges was consequently deleted, upholding the arm's length principle and rejecting the need for a strict tangible commercial benefit test.
ITAT held that the final assessment order was void ab initio due to non-compliance with DRP directions under Section 144C(13). The tribunal found the Assessing Officer (AO) did not follow specific procedural requirements, rendering the assessment order invalid. Regarding intra-group services (IGS), the tribunal allowed the assessee's claim, determining that the payments were genuine, made without markup, and benchmarked appropriately. The tribunal emphasized that tax authorities cannot question expenses when transactions are legitimate and serve business purposes. The disallowance of intra-group service charges was consequently deleted, upholding the arm's length principle and rejecting the need for a strict tangible commercial benefit test.
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