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 dismissed the writ petition without adjudicating merits and directed restoration of the petitioner's GST registration subject to strict conditions. The petitioner must file outstanding returns and deposit taxes, penalties and interest within seven days; upon completion of requisite formalities the Competent Authority shall immediately restore the GST number. The order follows the prior technical dismissal on limitation but, without expressing any view on substantive liability, permits restoration on the petitioner's undertaking to comply with statutory obligations. Failure to comply within the stipulated seven-day period will render this directive inoperative. The writ petition is disposed of accordingly.
The HC dismissed the writ petition without adjudicating merits and directed restoration of the petitioner's GST registration subject to strict conditions. The petitioner must file outstanding returns and deposit taxes, penalties and interest within seven days; upon completion of requisite formalities the Competent Authority shall immediately restore the GST number. The order follows the prior technical dismissal on limitation but, without expressing any view on substantive liability, permits restoration on the petitioner's undertaking to comply with statutory obligations. Failure to comply within the stipulated seven-day period will render this directive inoperative. The writ petition is disposed of accordingly.
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