Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking me...
Revisionary jurisdiction cannot reopen share capital assessments where adequate inquiry supports a permissible view and no independent error is establ...
Reassessment jurisdiction fails where unverified portal information is aggregated without examining the taxpayer's explanation or relevance of entries...
Statutory sanction for delayed reassessment requires approval from the prescribed authority; approval by an inferior authority invalidates jurisdictio...
Transfer pricing margin adjustments require matching treatment of non-operating income and related costs, with comparability issues reconsidered on ev...
Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
Cargo originating from SEZ and lying at gateway ports because of disruption in maritime routes may be handled through a simplified procedure under Section 143AA of the Customs Act, 1962. On the exporter's request, the originating SEZ may cancel the LEO or shipping bill, after which Customs at the gateway port may permit movement of the cargo out of the port for return to the exporter or for re-routing, without requiring the containers to be brought back to the SEZ. The cargo may also be de-stuffed and stored in a Customs bonded warehouse, and any re-routing must comply with filing requirements and other applicable legal procedures. Electronic communication is permitted and the facility remains in force until 30.04.2026.
Cargo originating from SEZ and lying at gateway ports because of disruption in maritime routes may be handled through a simplified procedure under Section 143AA of the Customs Act, 1962. On the exporter's request, the originating SEZ may cancel the LEO or shipping bill, after which Customs at the gateway port may permit movement of the cargo out of the port for return to the exporter or for re-routing, without requiring the containers to be brought back to the SEZ. The cargo may also be de-stuffed and stored in a Customs bonded warehouse, and any re-routing must comply with filing requirements and other applicable legal procedures. Electronic communication is permitted and the facility remains in force until 30.04.2026.
Note: It is a system-generated summary and is for quick reference only.
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