Reopening of assessment cannot rest solely on an audit party's opinion; reassessment under Section 147/148 is impermissible and power of revision shou...
Tested party selection: functional analysis identified the least complex unit as the appropriate tested party, altering the transfer pricing adjustmen...
RoDTEP rates have been rationalised: the notification reduces the applicable RoDTEP rates for all HS lines to one-half of previously notified rates and similarly caps notified value limits at one-half, with immediate operative effect. The amendment implements a uniform limitation across Appendix 4R and Appendix 4RE and prescribes that RoDTEP benefits payable shall be restricted to the reduced rates and value caps effective immediately, altering entitlements under the scheme as previously notified.
RoDTEP rates have been rationalised: the notification reduces the applicable RoDTEP rates for all HS lines to one-half of previously notified rates and similarly caps notified value limits at one-half, with immediate operative effect. The amendment implements a uniform limitation across Appendix 4R and Appendix 4RE and prescribes that RoDTEP benefits payable shall be restricted to the reduced rates and value caps effective immediately, altering entitlements under the scheme as previously notified.
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