Courier transshipment of imported goods via named carrier to air cargo stations renewed until 30.01.2026; exemption conditional, strict controls apply...
Insurer's investment gains and investment write-downs face Section 263 revision; enquiry upheld, Rule 5(b)(ii) lapse sustained, late corrigendum quash...
Transfer pricing comparability was addressed by excluding Unik Techno Systems Pvt. Ltd. as a valid comparable because functional dissimilarity (manufacturer of battery-production machines versus assessee's activities) rendered it unsuitable; the AO/TPO is directed to recompute ALP without that entity. Separately, the appellate body admitted fresh grounds contending that an excise duty exemption may constitute a non taxable capital receipt and remitted that substantive issue to the assessing officer for factual verification of scheme intent, eligibility and amounts, treatment under normal provisions and AMT, and for fresh decision after affording the assessee opportunity to be heard.
Transfer pricing comparability was addressed by excluding Unik Techno Systems Pvt. Ltd. as a valid comparable because functional dissimilarity (manufacturer of battery-production machines versus assessee's activities) rendered it unsuitable; the AO/TPO is directed to recompute ALP without that entity. Separately, the appellate body admitted fresh grounds contending that an excise duty exemption may constitute a non taxable capital receipt and remitted that substantive issue to the assessing officer for factual verification of scheme intent, eligibility and amounts, treatment under normal provisions and AMT, and for fresh decision after affording the assessee opportunity to be heard.
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