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 disposed of the writ petition and directed the Transport Commissioner to consider the petitioner's letter dated 12.06.2025 and, within four weeks of production of a certified copy of this order, to communicate to the petitioner any discrepancies found in the contractor's performance and the necessity for deductions from the petitioner's bills. The communication must specify detailed reasons and the factual and contractual basis for concluding that deductions are warranted. The writ is disposed of subject to compliance with this direction, with liberty to the petitioner to challenge the Commissioner's communicated findings by appropriate proceedings if aggrieved.
The HC disposed of the writ petition and directed the Transport Commissioner to consider the petitioner's letter dated 12.06.2025 and, within four weeks of production of a certified copy of this order, to communicate to the petitioner any discrepancies found in the contractor's performance and the necessity for deductions from the petitioner's bills. The communication must specify detailed reasons and the factual and contractual basis for concluding that deductions are warranted. The writ is disposed of subject to compliance with this direction, with liberty to the petitioner to challenge the Commissioner's communicated findings by appropriate proceedings if aggrieved.
Note: It is a system-generated summary and is for quick reference only.