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 allowed the petition and quashed the impugned order of the respondent authorities dated 9 August 2025, holding that the detained goods and vehicle must be released under Section 129(1)(a) of the CGST Act read with the IGST Act, on the invoice value of the goods. The court found no basis to disturb the petitioner's entitlement to release and directed the respondent authorities to undertake the valuation and release exercise in accordance with Section 129(1)(a) within three weeks. The writ petition challenging detention was accordingly allowed, and the administrative detention order set aside.
The HC allowed the petition and quashed the impugned order of the respondent authorities dated 9 August 2025, holding that the detained goods and vehicle must be released under Section 129(1)(a) of the CGST Act read with the IGST Act, on the invoice value of the goods. The court found no basis to disturb the petitioner's entitlement to release and directed the respondent authorities to undertake the valuation and release exercise in accordance with Section 129(1)(a) within three weeks. The writ petition challenging detention was accordingly allowed, and the administrative detention order set aside.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4798
Join Channel
TaxTMI 
