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...
DSC dismissed the anticipatory bail application in a GST evasion case involving allegations of fraud and willful suppression of facts. Despite interim protection granted to the accused and SC stay on show cause notice proceedings, the court found the accused failed to demonstrate bona fides by not voluntarily approaching the investigating agency after multiple summons and non-bailable warrants were issued. The court noted the accused allegedly instructed employees to withhold information and manage witness statements, constituting impermissible conduct. The accused's failure to cooperate with the investigation and attempts to influence witnesses prevented meeting the requisite threshold for anticipatory bail relief under established legal standards.
DSC dismissed the anticipatory bail application in a GST evasion case involving allegations of fraud and willful suppression of facts. Despite interim protection granted to the accused and SC stay on show cause notice proceedings, the court found the accused failed to demonstrate bona fides by not voluntarily approaching the investigating agency after multiple summons and non-bailable warrants were issued. The court noted the accused allegedly instructed employees to withhold information and manage witness statements, constituting impermissible conduct. The accused's failure to cooperate with the investigation and attempts to influence witnesses prevented meeting the requisite threshold for anticipatory bail relief under established legal standards.
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