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...
The HC granted bail to the petitioner accused of irregularly availing input tax credit through issuance of goods-less invoices without actual supply. Considering the case's triability exclusively by a judicial magistrate, compounding potential up to Rs. 5 crore with Rs. 1,37,27,000 already deposited, absence of criminal antecedents, and the petitioner's judicial custody since 2.5.2025, bail was allowed without commenting on the case merits. The petitioner was ordered released upon furnishing a personal bond of Rs. 1,00,000 with two sureties of Rs. 50,000 each, subject to appearance at trial and surrendering his passport, with travel abroad requiring prior court permission. The bail application under Section 483 B.N.S. was accordingly allowed.
The HC granted bail to the petitioner accused of irregularly availing input tax credit through issuance of goods-less invoices without actual supply. Considering the case's triability exclusively by a judicial magistrate, compounding potential up to Rs. 5 crore with Rs. 1,37,27,000 already deposited, absence of criminal antecedents, and the petitioner's judicial custody since 2.5.2025, bail was allowed without commenting on the case merits. The petitioner was ordered released upon furnishing a personal bond of Rs. 1,00,000 with two sureties of Rs. 50,000 each, subject to appearance at trial and surrendering his passport, with travel abroad requiring prior court permission. The bail application under Section 483 B.N.S. was accordingly allowed.
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