Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
The HC quashed the impugned assessment order for AY 2017-18 concerning the petitioner's Input Tax Credit claimed without adhering to Section 140 of the TNGST Act, 2017. The matter was remitted to the first respondent for fresh adjudication de novo on merits within six months, conditional upon the petitioner depositing 25% of the disputed tax amount as a pre-deposit. The quashed order shall be treated as a corrigendum to the preceding notice. The petition was disposed of accordingly.
The HC quashed the impugned assessment order for AY 2017-18 concerning the petitioner's Input Tax Credit claimed without adhering to Section 140 of the TNGST Act, 2017. The matter was remitted to the first respondent for fresh adjudication de novo on merits within six months, conditional upon the petitioner depositing 25% of the disputed tax amount as a pre-deposit. The quashed order shall be treated as a corrigendum to the preceding notice. The petition was disposed of accordingly.
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