All appeals dismissed; finding of anti-competitive bid-rigging upheld under Sections 3(3)(c), 3(3)(d) read with 3(1); cease-and-desist and total-turno...
Central Government notifies 11.541-hectare Special Economic Zone for semiconductor manufacturing; Approval Committee constituted, ICD status effective...
Government appoints National Customs Targeting Centre-Passenger director as customs officer with powers under PNR Regulations, 2022 and Sections 30A, ...
ITAT remitted issues to the AO/TPO, directing the assessee to substantiate selection of the foreign AE as tested party with requisite financial data; AO/TPO to examine whether the tested party yields a reliable ALP, afford the assessee hearing, and determine ALP for the trading of finished goods. Separate ALP exercises are directed for trading of raw materials/API with the AE as tested party; earlier comparable analyses may survive only if AO/TPO so finds. The Tribunal upheld treatment of capitalised R&D not shown amortised as operating expense and rejected inclusion of loss on sale/disposal of PPE in operating expenses, directing its exclusion. Overdue receivables from AE are held international transactions; notional interest to be computed by the TPO at LIBOR plus applicable markup in accordance with Rule 10CB.
ITAT remitted issues to the AO/TPO, directing the assessee to substantiate selection of the foreign AE as tested party with requisite financial data; AO/TPO to examine whether the tested party yields a reliable ALP, afford the assessee hearing, and determine ALP for the trading of finished goods. Separate ALP exercises are directed for trading of raw materials/API with the AE as tested party; earlier comparable analyses may survive only if AO/TPO so finds. The Tribunal upheld treatment of capitalised R&D not shown amortised as operating expense and rejected inclusion of loss on sale/disposal of PPE in operating expenses, directing its exclusion. Overdue receivables from AE are held international transactions; notional interest to be computed by the TPO at LIBOR plus applicable markup in accordance with Rule 10CB.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
