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 government notifies that certain appeals shall be heard exclusively by the Principal Bench: (a) matters pending before two or more State Benches where the presiding officer is satisfied that an identical question of law arises; (b) matters involving one or more issues covered by sections 14 or 14A of the Integrated Goods and Services Tax Act; and (c) matters involving one or more issues covered by section 20 of the Central Goods and Services Tax Act.
The government notifies that certain appeals shall be heard exclusively by the Principal Bench: (a) matters pending before two or more State Benches where the presiding officer is satisfied that an identical question of law arises; (b) matters involving one or more issues covered by sections 14 or 14A of the Integrated Goods and Services Tax Act; and (c) matters involving one or more issues covered by section 20 of the Central Goods and Services Tax Act.
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