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 declared the detention of the petitioner's husband by respondents No. 2 and 3 illegal and ordered his immediate release. The Court accepted the respondents' affidavit explanation but emphasized strict future compliance and cooperation with Court-appointed officers by the Directorate General, Goods & Service Tax Intelligence. Relying on precedents from the Supreme Court and various High Courts, the HC directed the jail authorities to release the petitioner forthwith, provided he is not implicated in any other case. The petition was allowed, ensuring the petitioner's husband's recovery from unlawful custody.
The HC declared the detention of the petitioner's husband by respondents No. 2 and 3 illegal and ordered his immediate release. The Court accepted the respondents' affidavit explanation but emphasized strict future compliance and cooperation with Court-appointed officers by the Directorate General, Goods & Service Tax Intelligence. Relying on precedents from the Supreme Court and various High Courts, the HC directed the jail authorities to release the petitioner forthwith, provided he is not implicated in any other case. The petition was allowed, ensuring the petitioner's husband's recovery from unlawful custody.
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