Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
Objective characteristics govern magnesium bis-glycinate chelate classification as an amino-acid coordination compound, not a food preparation or anti...
Independent professional certification requires pleaded knowledge or complicity for criminal liability; untimely complaints remain barred by limitatio...
Before invoking Chapter X transfer pricing provisions, the assessee contended that the Assessing Officer must first establish that the alleged income arises from an international transaction chargeable to tax in India, including under the DTAA, and that the reference to the TPO without such determination was jurisdictionally defective. The Revenue sought time to reply, and the Court directed filing of an affidavit in reply and listed the matter for ad-interim relief. Pending disposal of the writ petition, the Court granted ad-interim stay of the show cause notice, impugned order, reference to the Transfer Pricing Officer, and the assessment proceedings, without prejudice to the parties' rights and contentions.
Before invoking Chapter X transfer pricing provisions, the assessee contended that the Assessing Officer must first establish that the alleged income arises from an international transaction chargeable to tax in India, including under the DTAA, and that the reference to the TPO without such determination was jurisdictionally defective. The Revenue sought time to reply, and the Court directed filing of an affidavit in reply and listed the matter for ad-interim relief. Pending disposal of the writ petition, the Court granted ad-interim stay of the show cause notice, impugned order, reference to the Transfer Pricing Officer, and the assessment proceedings, without prejudice to the parties' rights and contentions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
