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 petition challenging the GST MOV-11 order confirming penalty and fine and cancellation of GST registration, holding it will not entertain the writ in view of an alternative efficacious statutory remedy under s.107 of the GST Act. The court declined to adjudicate merits regarding alleged bogus transactions, fake tax invoices, E-way bills and purported non-existence at the registered address, and relegated the petitioner to pursue the appellate remedy. The HC made no adjudication on merits, but held that the period already elapsed shall be treated as bona fide for condonation of delay if the petitioner institutes an appeal before the appellate authority within two weeks.
The HC dismissed the petition challenging the GST MOV-11 order confirming penalty and fine and cancellation of GST registration, holding it will not entertain the writ in view of an alternative efficacious statutory remedy under s.107 of the GST Act. The court declined to adjudicate merits regarding alleged bogus transactions, fake tax invoices, E-way bills and purported non-existence at the registered address, and relegated the petitioner to pursue the appellate remedy. The HC made no adjudication on merits, but held that the period already elapsed shall be treated as bona fide for condonation of delay if the petitioner institutes an appeal before the appellate authority within two weeks.
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