Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
HC held that the Transfer Pricing Officer's (TPO) determination is binding on the Assessing Officer (AO) and the AO cannot independently determine the arm's-length price (ALP) without complying with s.92CA(1). Where the TPO issued an order without making adjustments, the AO had no jurisdiction to reopen or revise assessment on identical material already considered by the TPO absent fresh tangible material. Consequently, the petition by the taxpayer succeeds: the AO's action was quashed, the ALP must stand as determined through the TPO process, and any assessment based on unilateral AO determination without reference to the TPO is set aside.
HC held that the Transfer Pricing Officer's (TPO) determination is binding on the Assessing Officer (AO) and the AO cannot independently determine the arm's-length price (ALP) without complying with s.92CA(1). Where the TPO issued an order without making adjustments, the AO had no jurisdiction to reopen or revise assessment on identical material already considered by the TPO absent fresh tangible material. Consequently, the petition by the taxpayer succeeds: the AO's action was quashed, the ALP must stand as determined through the TPO process, and any assessment based on unilateral AO determination without reference to the TPO is set aside.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
