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...
Special additional excise duty on petrol and diesel for domestic consumption is amended under the principal excise notification: the rate for one category is reduced to Rs. 3 per litre, another category is reduced to nil, and goods cleared for export are excluded from the notification's scope. The amendment is made effective immediately, changing the duty position for domestic clearances while leaving export clearances outside the levy relief.
Special additional excise duty on petrol and diesel for domestic consumption is amended under the principal excise notification: the rate for one category is reduced to Rs. 3 per litre, another category is reduced to nil, and goods cleared for export are excluded from the notification's scope. The amendment is made effective immediately, changing the duty position for domestic clearances while leaving export clearances outside the levy relief.
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