International transaction characterisation of domestic divestment of support services business rejected; transaction between resident associated enter...
Minimum Import Price restrictions for Black Pepper, Areca-nuts and Apples upheld; procedural laying failure not fatal, notifications to be placed befo...
Transaction value between related persons requires market-equivalent pricing; importer must prove declared value mirrors ordinary international trade ...
Classification of exported insecticides under export tariff affirmed; reclassification and related penalties set aside and MEIS scrip jurisdiction rec...
Non-communication of a prior court order rendered the subsequent assessment order invalid and was set aside; the assessing officer who issued a draft order is held not at fault due to a communication gap. The transfer pricing officer has supplied relied agreements and the taxpayer is directed to file a reply by the prescribed date, after which the transfer pricing officer must pass a fresh order. All procedural timelines before the transfer pricing officer, assessing officer and dispute resolution panel are extended by sixty days, and the taxpayer is precluded from objecting to that extension.
Non-communication of a prior court order rendered the subsequent assessment order invalid and was set aside; the assessing officer who issued a draft order is held not at fault due to a communication gap. The transfer pricing officer has supplied relied agreements and the taxpayer is directed to file a reply by the prescribed date, after which the transfer pricing officer must pass a fresh order. All procedural timelines before the transfer pricing officer, assessing officer and dispute resolution panel are extended by sixty days, and the taxpayer is precluded from objecting to that extension.
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