Steel-timber construction shuttering/formwork tariff classification dispute: essential character held steel, classified as shuttering under Heading 73...
Family-linked property purchases using fabricated loan agreements and benami-style arrangements held to be crime proceeds; attachment upheld, appeal d...
Charitable tree plantation and maintenance for environmental preservation treated as "charitable activity", exempt from GST under Notification 12/2017...
Dominant issue: whether the Bright Line Test (BLT) is an appropriate benchmarking method for AMP expense allocation. The tribunal held that BLT is not a sustainable basis for transfer-pricing adjustment, relying on the precedent that rejected BLT for AMP allocations and emphasizing legal insufficiency of the AO/TPO's application of BLT; consequence: the adjustment/addition made to AMP expenses is deleted and the appeal is allowed. - ITAT
Dominant issue: whether the Bright Line Test (BLT) is an appropriate benchmarking method for AMP expense allocation. The tribunal held that BLT is not a sustainable basis for transfer-pricing adjustment, relying on the precedent that rejected BLT for AMP allocations and emphasizing legal insufficiency of the AO/TPO's application of BLT; consequence: the adjustment/addition made to AMP expenses is deleted and the appeal is allowed. - ITAT
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