Deductibility for charitable donations affirmed where payments to approved relief funds, even if CSR-driven, qualify under the donation deduction sche...
Mis-declaration in import descriptions must be deliberate to justify confiscation; withheld contemporaneous import documents invalidate value redeterm...
Liability for EPCG export shortfall: duty and interest sustained, but confiscation and penalties quashed where no fraud and causes beyond importer con...
The DRP's directions are binding on the Assessing Officer, and a final assessment under section 144C must conform to those directions. Here, the Assessing Officer issued the final order by repeating the transfer pricing adjustment from the draft assessment, despite DRP directions requiring the adjustment to be reworked and the consequential effect order reflecting a reduced figure. The Tribunal treated this as a serious breach of the statutory mandate and quashed the final assessment order without any further inquiry into prejudice. The merits of the additions were left undecided.
The DRP's directions are binding on the Assessing Officer, and a final assessment under section 144C must conform to those directions. Here, the Assessing Officer issued the final order by repeating the transfer pricing adjustment from the draft assessment, despite DRP directions requiring the adjustment to be reworked and the consequential effect order reflecting a reduced figure. The Tribunal treated this as a serious breach of the statutory mandate and quashed the final assessment order without any further inquiry into prejudice. The merits of the additions were left undecided.
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