Deferred Payment of Customs Duty extended to Eligible Manufacturer Importers with electronic registration and ICEGATE authentication for conditional c...
Tariff classification determines GST schedule and rate; beverages in Schedule III attract the higher rate, tea extracts and syrups in Schedule I attra...
Fraudulent trading requires cogent evidence of intent to defraud; ordinary-course payments protected, except post-insolvency withdrawals must be resto...
Turnover was held to be a relevant comparability factor in ITES benchmarking: where the assessee maintained separate segmental results and the dispute concerned a small ITES segment, comparables with vastly higher turnover were excluded because their scale and capabilities were not comparable. The Tribunal also held that transfer pricing adjustment can be made only in respect of international transactions and must be confined to revenue from associated enterprise dealings, not the entire business turnover. On the section 40(a)(i) issue relating to testing charges, the matter was restored to the Assessing Officer for fresh consideration in line with the assessee's earlier year.
Turnover was held to be a relevant comparability factor in ITES benchmarking: where the assessee maintained separate segmental results and the dispute concerned a small ITES segment, comparables with vastly higher turnover were excluded because their scale and capabilities were not comparable. The Tribunal also held that transfer pricing adjustment can be made only in respect of international transactions and must be confined to revenue from associated enterprise dealings, not the entire business turnover. On the section 40(a)(i) issue relating to testing charges, the matter was restored to the Assessing Officer for fresh consideration in line with the assessee's earlier year.
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