Classification of imported salvaged shaft pieces as ship parts confirmed, reassessment time-barred and appeal allowed restoring original classificatio...
Scope of intermediary status for data hosting services: tribunal finds provider not intermediary, services exported and not taxable, limited remand on...
CENVAT credit availability after omission of Rule 12B in textiles confirmed; late addendum to SCN introducing new grounds held time-barred and invalid...
Export of Wheat Flour and related products subject to online allocation, eligibility criteria, non-transferable six-month authorisations and reporting...
Determination of the limitation period for passing final transfer-pricing assessment under section 144C(13) was contested with respect to its interplay with section 153. The tribunal noted higher-court precedent holding the two provisions are interdependent and limitation must be determined with reference to section 144C read with section 153; applying that approach, the tribunal found final assessment orders were passed beyond the applicable limitation period and therefore lacked jurisdiction. Consequently, the impugned final assessment orders were quashed for being time-barred.
Determination of the limitation period for passing final transfer-pricing assessment under section 144C(13) was contested with respect to its interplay with section 153. The tribunal noted higher-court precedent holding the two provisions are interdependent and limitation must be determined with reference to section 144C read with section 153; applying that approach, the tribunal found final assessment orders were passed beyond the applicable limitation period and therefore lacked jurisdiction. Consequently, the impugned final assessment orders were quashed for being time-barred.
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