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 quashed the impugned appellate order and allowed the petition by way of remand, holding that the pre-deposit made through the electronic credit ledger constitutes a valid deposit for preferring an appeal under Section 107 of the GST Act. The court rejected the denial of opportunity to rectify any alleged defect in the deposit and directed the appellate authority to decide the appeal afresh in accordance with law, treating the amount paid via the electronic credit ledger as compliant with the pre-deposit requirement. Parties are anonymized as Appellant and Respondent; the matter is remitted for fresh adjudication consistent with this direction.
The HC quashed the impugned appellate order and allowed the petition by way of remand, holding that the pre-deposit made through the electronic credit ledger constitutes a valid deposit for preferring an appeal under Section 107 of the GST Act. The court rejected the denial of opportunity to rectify any alleged defect in the deposit and directed the appellate authority to decide the appeal afresh in accordance with law, treating the amount paid via the electronic credit ledger as compliant with the pre-deposit requirement. Parties are anonymized as Appellant and Respondent; the matter is remitted for fresh adjudication consistent with this direction.
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