Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
The Supreme Court upheld the CESTAT Chennai's classification of the imported Optical Power Ground Wire Fibre Cable (OPGW) under Customs Tariff Heading 8544 and its accessories under Heading 853670, rejecting classification under Headings 9001 and 7616. The Court affirmed that the denial of exemption was improper and declined to interfere with the tribunal's findings. The appeal was dismissed, confirming the correctness of the tribunal's classification and the applicability of the relevant Board's Circular.
The Supreme Court upheld the CESTAT Chennai's classification of the imported Optical Power Ground Wire Fibre Cable (OPGW) under Customs Tariff Heading 8544 and its accessories under Heading 853670, rejecting classification under Headings 9001 and 7616. The Court affirmed that the denial of exemption was improper and declined to interfere with the tribunal's findings. The appeal was dismissed, confirming the correctness of the tribunal's classification and the applicability of the relevant Board's Circular.
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