Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Transfer pricing issue concerned royalty paid to an associated enterprise where the adjustment was negated in favour of the taxpayer because the earlier appellate decision in the taxpayer's own case on the same issue precluded fresh adjustment; the assessing officer had relied on a prior TPO finding but the appellate precedent established nil ALP, resulting in relief. Separately, claim for deduction under the industrial/infrastructure undertaking provision for participation in a micro irrigation project was allowed after the taxpayer produced execution copies, invoices, payments and certificates; a typographical error in the agreement party name was held not to defeat entitlement and the revenue failed to rebut the evidence.
Transfer pricing issue concerned royalty paid to an associated enterprise where the adjustment was negated in favour of the taxpayer because the earlier appellate decision in the taxpayer's own case on the same issue precluded fresh adjustment; the assessing officer had relied on a prior TPO finding but the appellate precedent established nil ALP, resulting in relief. Separately, claim for deduction under the industrial/infrastructure undertaking provision for participation in a micro irrigation project was allowed after the taxpayer produced execution copies, invoices, payments and certificates; a typographical error in the agreement party name was held not to defeat entitlement and the revenue failed to rebut the evidence.
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