International transaction characterisation of domestic divestment of support services business rejected; transaction between resident associated enter...
Minimum Import Price restrictions for Black Pepper, Areca-nuts and Apples upheld; procedural laying failure not fatal, notifications to be placed befo...
Transaction value between related persons requires market-equivalent pricing; importer must prove declared value mirrors ordinary international trade ...
Classification of exported insecticides under export tariff affirmed; reclassification and related penalties set aside and MEIS scrip jurisdiction rec...
Business expenditure claims for shortages and quality cuts were sent back for fresh verification because the lower authorities had rejected them for want of complete supporting evidence, while the Tribunal found no corroboration for the assumption that the goods remained in closing stock and noted that additional material had not yet been examined. The transfer pricing adjustment under the CUP method was also remanded because a disputed credit note appeared to involve only a clerical date error, and the revised arm's length computation with discounts and credit notes required verification. The omitted TDS credit was ordered to be granted because it had been acknowledged in the draft computation and was not denied by any DRP direction.
Business expenditure claims for shortages and quality cuts were sent back for fresh verification because the lower authorities had rejected them for want of complete supporting evidence, while the Tribunal found no corroboration for the assumption that the goods remained in closing stock and noted that additional material had not yet been examined. The transfer pricing adjustment under the CUP method was also remanded because a disputed credit note appeared to involve only a clerical date error, and the revised arm's length computation with discounts and credit notes required verification. The omitted TDS credit was ordered to be granted because it had been acknowledged in the draft computation and was not denied by any DRP direction.
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