Writ relief against show cause notices is available where jurisdiction is absent and concluded advance rulings cannot be reopened without fresh fraud ...
Page of 4805
Press 'Enter' after typing page number.
3981 to 4000 of 96092 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Under Rule 10B, uncontrolled comparables are usable only where material differences do not affect price, cost or profit, or where reasonably accurate adjustments remove their effect. Because the assessee's purchases were largely imported and bore substantial import duty, while the comparables had negligible import content, the duty element materially distorted the resale price method comparison. The Tribunal therefore directed exclusion of import duty from operating cost when computing PLI and ALP, following the Swatch Group principle. It also allowed working capital adjustment, subject to the assessee furnishing necessary details before the TPO. The penalty ground was treated as premature, and the appeal was partly allowed.
Under Rule 10B, uncontrolled comparables are usable only where material differences do not affect price, cost or profit, or where reasonably accurate adjustments remove their effect. Because the assessee's purchases were largely imported and bore substantial import duty, while the comparables had negligible import content, the duty element materially distorted the resale price method comparison. The Tribunal therefore directed exclusion of import duty from operating cost when computing PLI and ALP, following the Swatch Group principle. It also allowed working capital adjustment, subject to the assessee furnishing necessary details before the TPO. The penalty ground was treated as premature, and the appeal was partly allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
