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 anticipatory bail to the applicants in a GST-related prosecution alleging fraudulent invoicing, falsified e-way bills and wrongful Input Tax Credit claims, holding custodial interrogation unwarranted at this stage. The court found the investigation rested predominantly on documentary and digital records-including GST returns, invoices, e-way bills, toll data and seized financial records-which have already been taken into custody by authorities, and the prosecution failed to demonstrate any specific necessity for detention to secure evidence. Applying the principle that grant of anticipatory bail depends on case facts, the HC allowed anticipatory bail subject to conditions, observing that investigation can proceed effectively without custodial interrogation.
The HC granted anticipatory bail to the applicants in a GST-related prosecution alleging fraudulent invoicing, falsified e-way bills and wrongful Input Tax Credit claims, holding custodial interrogation unwarranted at this stage. The court found the investigation rested predominantly on documentary and digital records-including GST returns, invoices, e-way bills, toll data and seized financial records-which have already been taken into custody by authorities, and the prosecution failed to demonstrate any specific necessity for detention to secure evidence. Applying the principle that grant of anticipatory bail depends on case facts, the HC allowed anticipatory bail subject to conditions, observing that investigation can proceed effectively without custodial interrogation.
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