Transferable duty credit scrips validity and bona fide transferee entitlement to exemption upheld where scrips were subsisting at import, appeals allo...
Classification of knocked down motor vehicle component imports: Notification benefit denied because items are standalone non kit parts requiring subst...
Reassessment against a deceased assessee: procedural defect mandates fresh reassessment; nonresponsive petitioner may be treated as legal representati...
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.
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