Transfer pricing comparables and operating income principles applied to software development services, with exclusions, inclusions, and tax credit ver...
Transfer pricing on performance guarantees and overdue receivables deleted where warranty obligations were embedded and working capital adjustment alr...
The SC allowed the appeal and set aside the High Court's observation that the CESTAT had upheld an original finding that the appellant (CB) had advised the importer to mis-declare goods; the SC held the CESTAT determined the matter to be one of mis-classification rather than mis-declaration, and the adverse finding based on retracted statements was unsustainable. Consequently, the impugned adverse observation in paragraph 6 of the High Court order was declared incorrect and the adjudicatory conclusion that the appellant induced mis-declaration was quashed. The appeal was disposed of in favor of the appellant, with the contested finding removed and no further penalty sustained.
The SC allowed the appeal and set aside the High Court's observation that the CESTAT had upheld an original finding that the appellant (CB) had advised the importer to mis-declare goods; the SC held the CESTAT determined the matter to be one of mis-classification rather than mis-declaration, and the adverse finding based on retracted statements was unsustainable. Consequently, the impugned adverse observation in paragraph 6 of the High Court order was declared incorrect and the adjudicatory conclusion that the appellant induced mis-declaration was quashed. The appeal was disposed of in favor of the appellant, with the contested finding removed and no further penalty sustained.
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